NEWS & RESOURCES

The Oxford Institute for Energy Studies: Decarbonization Pathways for Oil & Gas

The Oxford Institute for Energy Studies: Decarbonization Pathways for Oil & Gas

The contraction in oil demand due to the spread of COVID-2019 and dissolution of the OPEC+ agreement in March have
combined to generate shockwaves through the energy and financial markets. As governments all over the world grapple with
one of the most severe economic crisis since the Global Financial Crisis and as the oil and gas industry is focusing on how to
survive yet another extreme price cycle, some are of the view that climate change issues and decarbonization efforts will reduce
in importance and may even fall off the agenda of some companies.

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U.S. energy firms push states for carbon markets to spur renewable fuel growth

U.S. energy firms push states for carbon markets to spur renewable fuel growth

(Reuters) – U.S. energy companies are pressing states to speed development of low-carbon fuel markets, warning that numerous proposed projects to make renewable natural gas and other biofuels may fizzle.

State programs, led by California’s Low Carbon Fuel Standard (LCFS), reward fuel producers for decarbonizing by producing renewable fuels, who have responded by ramping up their production of such “greener” supply.

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