2014 GCEP: Global Energy Challenge Panel with ExxonMobil and Google

TL;DR

ExxonMobil and Google discuss their efforts to address climate change, including internal carbon pricing, investment in renewable projects, and research on advanced technologies.

Transcript

we had some really interesting talks this morning I think Chris really laid out the problem and how big it is it need it is a massive problem of enormous scale and we also heard Chad talk about how the business world can play a role and how the culture was changed in dupont and how back to America is stepping up to the plate and other shell steppin... Read More

Key Insights

• 😒 ExxonMobil has an internal price on carbon and uses it to model different policy scenarios and drive efficiency and decarbonization in the energy system.
• 👶 Google focuses on energy efficiency, renewable project investments, and research on new technologies, contributing to the overall goal of reducing carbon emissions.
• 🪡 Both companies recognize the importance of public-private partnerships and the need for technological innovation to address climate change effectively.
• 🫢 There is potential for Google's mapping technology to be used to track and visualize greenhouse gas emissions for better understanding and action.

Questions & Answers

Q: How does ExxonMobil calculate its internal price on carbon?

ExxonMobil's energy outlook considers various policies and models a range of carbon prices based on the different development stages of countries. They use these prices to drive efficiency and decarbonization in the energy system.

Q: Is Google investing in electric vehicle supply equipment or hydrogen fuel stations?

Google has not specifically mentioned investments in EVSE or hydrogen fuel stations, but it does invest in renewable projects that can help decarbonize the electricity sector.

Q: Does ExxonMobil have plans to explore the combination of solar thermal power plants with carbon capture technology?

ExxonMobil focuses on its expertise in carbon capture and sequestration, biofuels from algae, and fundamental research on various energy technologies. It may consider partnerships with other organizations to explore combined technologies.

Q: How do ExxonMobil and Google address non-CO2 greenhouse gases, such as methane and HFCs?

ExxonMobil is actively working on reducing methane leakage from its operations and developing fuel alternatives that reduce black carbon emissions. Google does not directly address non-CO2 greenhouse gases but focuses on energy efficiency and investing in projects that have an overall carbon reduction impact.

Summary & Key Takeaways

• ExxonMobil uses an internal price on carbon when making decisions and plans for future scenarios where policies to address climate change might evolve over time.

• Google focuses on improving energy efficiency in its own operations, investing in renewable projects, and researching new technologies, such as solar thermal power and carbon capture.