Tag: Top of Mind

There’s a lot of naming and shaming going on when it comes to setting ambitious enough climate goals. Big Tech seems to always come out on top, while Big Oil is relegated to worst in class. But is this a fair comparison? Hard-to-abate sectors are exactly that: hard-to-abate. Should we use a different kind of stick to measure them?

Linda Hofstad Helleland, the Norwegian Minister of Regional Development and Digitalization, builds some bridges:

Old and new industries need to cooperate to succeed with climate goals. Cutting emissions in traditional industries is challenging and requires innovations from emerging tech companies. Being fit for a digital future and supporting a green deal for our societies are two targets that complement each other very well. Combining new technologies and new business models in traditional industries is therefore a smart way to achieve ambitious climate goals.

Mike Pollitt of global robotics engineering company Boston Dynamics on amplifying the progress of asset management innovation with more sensors:

Asset management has progressed greatly over the last 20 years, from preventative maintenance, to reliability-centered, and toward predictive maintenance. However, even as improved analytics turn data into actionable insights, the volume and types of capturable data have limited the benefits. The majority of assets in operation today simply lack the necessary sensors, so insufficient data continues to pose a challenge in asset-intensive industries.

Mark LaCour OGGN Ignite News

Industry insider and Oil & Gas Global Network’s Editor-in-Chief Mark LaCour on President Biden’s spending proposal:

My top of mind may not be what people expect. Secretary of Energy Jennifer Granholm said that the oil and gas industry must “adapt or die.” But the fact remains: The industry’s central product, the hydrocarbon molecule, is one of the most valuable tools to mankind, and modern life is impossible without it. Rhetoric aside, our reliance on this molecule, directly and indirectly, will not change anytime soon.

Case in point: A part of the plan includes $115 billion allocated to roads and bridges. That construction is going to need a few billion tons of asphalt. And a primary ingredient in asphalt happens to be crude oil.