Through responsible actions and close cooperation with all stakeholders, the oil and gas industry will be able to contribute to sustainable solutions. The World Petroleum Council brought together industry leaders, experts and stakeholders for the 2nd edition of the WPC Leadership Conference, to discuss and demonstrate best available technology and practices in order to minise impacts and risks to the people and environments where we operate around the world.
Organised by the WPC and the Federation of Indian Petroleum Industry (FIPI), and supported by the International Energy Forum (IEF) this 3 day conference was held at the Renaissance Hotel in Mumbai, India, from the 18-20 February 2019.
Engaging Energy Poverty
Industry Responses to Climate Change
With global population projected to grow to nearly ten billion by 2050, energy demand continues to rise. All energy sources will be needed to provide affordable, reliable and modern energy services for everyone. The oil and gas sector is at the forefront of creating sustainable energy solutions, reducing energy emissions and increasing energy efficiency.
Cooperation between all stakeholders is key to achieving a successful energy transition to a low-carbon future. The event looked at how the oil and gas industry is responding to these challenges and leading the way in sharing best practices, engaging local communities and raising standards across its operations in order to ensure smarter, safer and sustainable access to energy for all.
Recognising a need for the industry to have a focused platform at which it could address the petroleum industry’s leadership in responsible operations, international cooperation and sustainable solutions and to give sustainable development a higher priority, the World Petroleum Council decided to launch a new initiative. In May 2015 the World Petroleum Council hosted the inaugural WPC Leadership Conference on Responsibility, Cooperation and Sustainability in Tromsø, at the top of the Norwegian Arctic.
It brought together industry leaders from around the world to discuss and demonstrate best available technology and practices in order to minimize impacts and risks to the people and environments around the world where the industry operates.
Good leadership, high standards and ethical business practices are required to ensure the sustainable supply and efficient use of the world’s oil and gas resources for the benefit of all. By highlighting some of the most challenging environments, such as the Arctic and unconventional operations, over 60 speakers endeavoured to demonstrate the industry’s commitment to finding sustainable solutions through responsible actions and close cooperation with all stakeholders. Industry leaders and senior decision makers shared technological innovations and business strategies to responsibly address the challenges of developing new frontiers and making them sustainable from a business, environmental and a societal perspective. By sharing best practices and innovative solutions with the participants from the oil and gas sector and its stakeholders WPC aimed to help raise standards across the sector.
The event addressed ways to reduce carbon emissions and their impact on climate change, Arctic challenges, technologies for new frontiers, including sustainable development of unconventional oil and gas, water management, a shared value approach to local community engagement and international cooperation to develop common standards, regulations and laws in order to ensure safe, secure and efficient operations while protecting the environment.
Tromsø’s pristine landscape near the Arctic Circle was a perfect reflection of places where the industry performs some of its most innovative operations and helped to showcase its efforts to be an outstanding steward of the environment and natural resources in the north.