Challenged by Carbon: The Oil Industry and Climate Change

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Author: Bryan Lovell

ISBN-10: 0521145597

ISBN-13: 9780521145596

Category: Economics - General & Miscellaneous

Faced with compelling new evidence from the rocks that lie at the heart of its business, the petroleum industry is no longer able to ignore the consequences of climate change brought on by consumption of its products. Yet, across the globe, we will continue to need 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...

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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 saviors, not villains, playing a crucial role in stabilizing 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.

1 Geologists on the road to Kyoto 12 A crucial message from 55 million years ago 203 An Atlantic divide in Big Oil 424 What is the oil industry supposed to do? 675 The size of the problem and the scale of the answer 916 Safe storage: from villain to hero 1187 Taking it a decade at a time 1518 The proof in the puddingstone 172References 197Index 207