Highlights US sees more potential in nuclear Biden administration aims to invest more in carbon capture The world’s top oil and gas companies must embrace the ongoing energy transition and invest in cleaner solutions — and profit as a result — or face financial failure if they stand pat, said US Deputy Energy Secretary David Turk Dec. 6 at the 23rd World Petroleum Congress in Houston.
“I don’t think we’re going to be successful unless major companies step up and are part of solution,” Turk said, noting that some will and some will not. “We cannot delude ourselves.” In order for the US to meet ambitious net-zero emissions goals by 2050, Turk touted investing in all sorts of solutions from wind and solar to de-carbonizing oil and gas through carbon capture projects and other means, as well […]