[Editor's note: A version of this story appears in the November 2021 issue of Oil and Gas Investor magazine.]
The pressure to mitigate climate change pervades discussions about energy today, particularly within the oil and gas realm. Hydrocarbon-producing companies are tasked with either lowering or offsetting carbon emissions within their capabilities. Yet while most agree that lowering emissions is a worthwhile strategy, not all agree with third-party objectives steering the outcomes.
Two panels at recent major industry events tackled these questions on ESG as it relates to capital investments and the industry’s path to Scope 1, 2 and 3 emissions targets. At NAPE in Houston, panelists included: Kaitlyn Allen, president and CEO, Global Affairs Associates LLC; Ale Veltmann, founder and CEO, ESG Lynk; Craig Webster, sustainability advisor and director of ESG and sustainability, Tudor, Pickering, Holt & Co.; Brooke Baum, sustainability advisor, Devon Energy Corp.; and Michael Rubio, general manager, ESG engagement and sustainability, Chevron Corp.
At the Colorado Oil & Gas Association Energy Summit in Denver, panelists included Kristi Pollard, principal, P2 LLC; Alanna Fishman, managing director, strategic communications, FTI Consulting; James Reddinger, former CEO, Stabilis Solutions; and Chris Wright, CEO, Liberty Oilfield Services.