TED: How to realistically decarbonize the oil and gas industry | Bjørn Otto Sverdrup

The video discusses the urgent need to address climate change by transforming the energy system, particularly the oil and gas industry. It introduces the 1-4-20 gigaton CO2 challenge, emphasizing the importance of reducing emissions and transitioning to a zero-emission system. The speaker highlights the role of global collaboration, policy changes, and transparency in achieving climate goals. The transformation of the oil and gas industry into energy companies focusing on renewables is also discussed, along with the challenges and the need for transparency in the transition.

What was the concentration of CO2 particles per million when the speaker was five years old?

• 320 particles per million

• 410 particles per million

• 430 particles per million

• 300 particles per million

What is the main industry that needs to change to address climate issues according to the speaker?

• Renewable energy industry

• Oil and gas industry

• Automobile industry

• Agriculture industry

What is the goal of the 1 gigaton challenge?

• To eliminate all coal emissions

• To bring oil and gas operational emissions to net zero

• To increase renewable energy investments

• To reduce global transportation emissions

What is the significance of setting net-zero targets according to the speaker?

• It guarantees immediate emission reductions

• It increases company profits

• It changes the mindset from defensive to proactive

• It eliminates the need for renewable energy

How much of the world's total emissions does the 4 gigaton challenge aim to address?

• 7%

• 15%

• 10%

• 5%

What is the expected impact of a $200 per ton carbon price in Norway by 2030?

• It will increase fossil fuel usage

• It will drive significant change

• It will decrease renewable energy investments

• It will have no impact on emissions

What is the focus of the 20 gigaton challenge?

• Increasing fossil fuel production

• Reducing emissions from transportation

• Building a future energy system with new solutions

• Improving existing energy systems

What is the role of the oil and gas industry in the 20 gigaton challenge?

• To solely focus on fossil fuel production

• To help others achieve decarbonization efforts

• To increase emissions

• To ignore renewable energy solutions

What is the main driver for the transformation within the oil and gas industry?

• Public protests

• Increased fossil fuel demand

• Renewables becoming the fastest growth area

• Government subsidies

What is the speaker's motivation for engaging with the oil and gas industry?

• To increase fossil fuel production

• To maintain the status quo

• To speed up the transformation of society

• To slow down the energy transition