Meeting Energy Demand
What we do lies at the intersection of two of the greatest challenges facing the world today and tomorrow - energy supply and environmental protection. Our responsibility as an energy producer is to meet both of these challenges as best we can and in a sustainable way. In practical terms, that means managing both our operations and energy use and offering our customers ways to do the same.
More important, it also means developing an energy model that combines fossil fuels with low-carbon energy sources, to satisfy energy demand without interruption while at the same time protecting the environment.
Our industry is geared to the long-term: the work we do today concerns projects that can have a life of more than 30 years, some of which will come on stream ten years down the road. It is important to consider what the energy landscape will look like at that time, with its potential limitations and opportunities.
Oil and Gas
In the 20th century, the most easily available reserves of oil and gas fueled consumption, driving a development boom for populations with access to this energy. However, to sustainably meet ever-rising demand for energy, we need to develop all available resources and make sure we get the most out of oil and gas.
Diversifying Our Supply
Oil and gas production alone will not suffice to meet the world’s long-term energy needs. The dual challenge of energy supply and climate change calls for the development of cost-effective and environmentally viable solutions that will gradually round out the world’s energy supply. We are aiming to become proficient in the following high-potential pathways: solar energy, biomass...
The Total Foundation
CSTJF Research Center