The document is a “code red for humanity,” said Antonio Guterres, secretary-general of the United Nations, in prepared remarks tied to the release of the report. “This report must sound a death knell for coal and fossil fuels before they destroy our planet.”
“Many of our businesses are entering the renewables space, so it’s not an either or,” Goodman said. The oil and gas industry is also participating in the energy transition by shifting toward more hydrogen production and carbon capture and storage investments, he said.Gurpreet Lail, president and CEO of the Petroleum Services Association of Canada
The oil and gas industry, and the oilfield services sector, is committed to moving towards a “clean energy future,” said Gurpreet Lail, president and CEO of the Petroleum Services Association of Canada, which represents companies that do the hands-on work in the oilfield. Regardless, the IPCC report has led some environmental activists to demand an immediate pivot away from oil and gas ahead of the 26“The science in the IPCC’s report makes it clearer than ever that Canada cannot waste time and money of false solutions being pushed by oil and gas companies that sanction more oil and gas production,” Environmental Defence national climate program manager Dale Marshall said in a release, adding that oil and gas companies “are overwhelmingly responsible for the...