The buzz from recent Energy Dialogues events is loud and clear - the energy industry must tackle CO2 emissions immediately. Discover four reasons why the industry needs to make bold moves in decarbonization: 📈 Fueling transformation: $6 billion DOE boost: Earlier this year, the Department of Energy (DOE) committed to a groundbreaking $6 billion in funding to propel decarbonization projects in energy-intensive industries, signaling a transformative shift in the energy landscape. ♻ Strategic moves, competitive edge: Industry leaders like Oxy, which acquired DAC company Carbon Engineering for $1.1 billion, are already at the forefront of decarbonization. Businesses that make strategic leaps now are poised to outshine competitors in a market where sustainability is the new gold standard, appealing to key stakeholders and consumers. 🌱 More low carbon fuels, new opportunities: While global CO2 emissions from natural gas dipped by 1.6% in 2022, oil emissions surged by 2.5%. Notably, half of this increase originated from aviation as air travel rebounded post-pandemic. This underscores the industry's pivotal role in reducing CO2 emissions and pioneering the production of low-carbon fuels. 📄 Compliance requirements: States like California, New York and Washington lead the charge in combating climate change through regulatory measures, clean energy initiatives and sustainability programs. Simultaneously, buyers of U.S. energy in Europe and Asia enforce increasingly stringent carbon taxes, urging industry players to stay ahead of evolving compliance requirements. If you are ready for change, join us in steering the course toward a cleaner, more sustainable energy landscape at the upcoming Carbon Solutions Forum. ➡ Register today to attend: https://lnkd.in/gmkXvhdd
