Many Oil Companies Support Carbon Tax: Former BP CEO Dudley

The video discusses the performance report of major oil companies on methane and carbon intensity targets set in 2018. It highlights the achievements in emission reductions and the importance of collaboration among companies. The discussion also covers the support for a carbon tax and its potential impact on the industry. Emphasis is placed on the need for a common language to improve communication and understanding within the industry.

What was the target set for methane emission reductions in 2018?

• 0.15%

• 0.35%

• 0.25%

• 0.45%

What is one of the main reasons Ryan Lance supports a carbon tax?

• It would reduce the cost of oil production.

• It would simplify emission reduction efforts.

• It would increase company profits.

• It would eliminate the need for regulations.

How much of the world's oil and gas production do the 12 companies represent?

• 40%

• 10%

• 20%

• 30%

Why is a common language important in the oil and gas industry?

• To promote individual company policies.

• To reduce the cost of production.

• To ensure consistent understanding and communication.

• To increase competition among companies.

What is a proposed benefit of implementing a carbon tax in the US?

• It would eliminate the need for environmental regulations.

• It would increase government revenue.

• It would define the use of carbon.

• It would decrease oil prices.