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A Net-Zero Future Full of Opportunities for a New North Sea

Six months ago, if asked what the biggest challenge was facing our industry and perhaps the world, I would have said, “The transition to a low-carbon/net-zero world.”

Who knew that the biggest threat would actually be an invisible, but devastatingly brutal, enemy? And what impact will that have on our futures? Not only on our commitment to net zero but to our industry’s survival and to the industrialized world we know.

There will be many views, but as I lead a technology organization, I believe we can use this “industrial reset” to chart a new course for our industry and hopefully for our planet. This is a time for us to capitalize on the amazing collaboration we have seen locally, regionally, and globally, as society has pulled together to fight COVID-19.

Can we not put this can-do attitude into action on our biggest global challenges and work together to find a solution? While many of the changes required will be either behavioral or regulatory, a number will be technology-led—and that is where technical industries can have the biggest positive impact in the coming years.

As I look around the world, I can already see countries launching major public/private initiatives to grasp the low-carbon agenda. These are partnerships where businesses innovate and collaborate, with government backing, to create powerful collectives driving both decarbonization and economic growth.

I strongly believe this is the route we should take in the UK—forming deep collaborations to capitalize on our expertise and collective know-how to transform the North Sea into a low-carbon powerhouse.

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A Net-Zero Future Full of Opportunities for a New North Sea

Colette Cohen, The Oil & Gas Technology Centre

01 July 2020

Volume: 72 | Issue: 7

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