Defining Decarbonization in the Oil and Gas Sector

While oil and gas operators must have clearly defined terms in the rules for regulating their emissions, public outlook must shift to understand that an energy mix is the most realistic option in the energy transition, says Baker Hughes’ Allyson Anderson Book.

Defining Decarbonization in the Oil and Gas Sector

Speaking at Hart Energy’s DUG Midcontinent conference on March 2, Baker Hughes Vice President of Energy Transition Allyson Anderson Book also warned against overlooking carbon capture benefits. (Source: Hart Energy / Shutterstock.com)

Without clear guidelines dictating the expected regulations for the energy transition, oil and gas operators won’t be able to effectively map out their decarbonization goals and methods, according to Allyson Anderson Book, vice president of energy transition at Baker Hughes,

As of right now, policy outlines for reporting carbon emissions in the U.S. are solely coming from investors and banks, each one with a different set of expectations. The lack of uniformity across the sector is creating a struggle for all companies reporting their efforts to abate carbon emissions.

“The more you start to see harmonization of the approach to sustainability and the expectations around what should be measured and shown as real KPIs [key performance indicators] and for ESG [metrics], the better off we all are because that's something you can plan to. It's the idea of a regulator giving you certainty,” Book said at Hart Energy’s DUG Midcontinent conference on March 2.

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Madison Ratcliff

Madison Ratcliff is an associate editor for Hart Energy's editorial team.