Can oil & gas help with the Paris goals?
Giving the keynote speech at last
month’s Oil & Money conference
in London, the answer is still ‘yes’
according to BP’s chief executive Bob
Dudley, who explained why continued
investment in the oil & gas industry is
‘essential to meeting the dual challenge
of providing billions of people with more
energy while drastically lowering carbon
emissions.’
Whilst the desire to squeeze oil &
gas out of the fuel mix is ‘driven by good
intentions’, Bob’s concern is that ‘their
suggested recommendations could lead
to bad outcomes, particularly for some
of the most vulnerable people in the
world’.
When it comes to tackling climate
change, the world’s people represent
one of our greatest challenges. A
recent IPPC report has highlighted ‘high
population growth as a key impediment
to hitting climate targets’ due to a
lesser ability to
control land use
emissions, and
rapidly growing
resource-intensive consumption.
One solution to reducing the
population is the education of girls
which ranked 6th in the Drawdown list
of solutions – https://www.drawdown.
org/solutions-summary-by-rank
Whilst better refrigerant
management would offer the greatest
carbon saving, educating girls, coupled
with family planning, would reputedly
save more carbon than onshore and
offshore wind combined!
Going back to a potentially faster
oil & gas route with fuels that are ‘much
cleaner, better and kinder to the planet’,
presumably including shale – Lancashire
has seen its fi rst hydraulic fracturing.
However, shale must prove it is socially
acceptable, environmentally sustainable
and economically viable, if this fuel is to
end our reliance on imported gas….
Meanwhile Bob Dudley remains
confi dent that the oil & gas industry
can ‘continue to help power the world,
lift people out of poverty, and keep
society advancing at the same time as
dramatically reducing emissions’.
The independent voice for the fuel distribution, storage
and marketing industry in the UK and Ireland.
4-5,7 NEWS
Mabanaft invests; 30 year celebration at Hytek: prioritising
winter deliveries; new look off grid energy event plus this
month’s big interactive debate in Cannes
9 PORTLAND MARKET REPORT
The Union of the European Lubricants Industry –
addressing declining consumption and the onset of
automotive electrifi cation
11-12
IN CONVERSATION
Kevin Kennerley, NWF Fuels
13 ANALYSIS
Alternatively fuelled vehicles (AFVs)
15 INSIDE OUT
The AdBlue market
17 IRISH NEWS
An interview with Chris O’Callaghan
18-19 Q&A WITH FISHER GERMAN
Managing our oil pipelines
Sweeney Oil driver Keith Heanue took the misty autumnal shot
on this month’s front cover. Many thanks to Keith who has
been driving for this west of Ireland company for 13 years.
22 PRICING PAGE
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Volume 41 No 10
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Fuel Oil News | October 2018 3