Challenged by Carbon: The Oil Industry and Climate Change

Is there a low-carbon future for the oil industry? Faced with compelling new geological evidence, the petroleum industry can no longer ignore the consequences of climate change brought on by consumption of its products. Yet the global community will continue to burn fossil fuels as we manage the transition to a low-carbon economy. As a geologist, oil man, academic and erstwhile politician, Bryan Lovell is uniquely well placed to describe the tensions accompanying the gradual greening of the petroleum industry over the last decade. He describes how, given the right lead from government, the oil industry could be environmental saviours, not villains, playing a crucial role in stabilising emissions through the capture and underground storage of carbon dioxide. Challenging prejudices of both the environmentalists and the oil industry, Lovell ultimately assigns responsibility to us as consumers and our elected governments, highlighting the need for decisive leadership and urgent action to establish an international framework of policy and regulation.