Tides of Transformation: An Oil Story

Tides of Transformation: An Oil Story
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The oil industry has historically operated in relative invisibility. Mysterious offshore rigs hundreds of miles out to sea can appear like images of a foreign land; refinery chimneys rising beyond the edges of some of our biggest cities are easy to mistake for just another factory; and bustling offices, the site of monumental decisions affecting generations to come, are just as faceless as the next. Out of sight – and often out of mind.  But such invisibility belies the overwhelming, ever-presence of oil. It’s in the fuel that powers our cars and aircrafts. It’s in our children’s plastic toys and trinkets. It’s in unseen flows of power, wealth and social capital. It’s in our art galleries, and our sports teams. It’s embedded in our economic policy, our communities, the very structure of our country.  So, what exactly do we mean when we talk about oil? How is our relationship with it changing? And what would stopping oil really look like?  These are just some of the questions that we will explore in this series from Intelligence Squared, drawing on recent research from the Fraying Ties? project, supported by the UK’s Economic and Social Research Council. Through discussion with industry insiders, policy-makers, activists, politicians, trade unionists, ex-oil rig workers and academics we look at the industry in its complexity and ask: given the climate emergency, how must the industry change to facilitate a just, renewable energy transition, and what might a new world – one in which we’ve ceased burning fossil fuels altogether – look like?

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    Regulating Oil

    In this episode, Gavin Bridge from Durham University and Gisa Weszkalnys from the London School of Economics are joined by Andy Samuel, the former Chief Executive of the North Sea Transition Authority, and Catherine Howarth, the CEO of ShareAction for a conversation about licensing and regulation in the oil sector: how policy has developed, and how it should evolve in the face of the climate emergency. Our panelists also explore how activist shareholders can influence oil companies; how much responsibility oil producers currently bear for their emissions – and how much they should; and, the need for an orderly transition in the North Sea, preventing stranded assets and liabilities.  Other contributors include former Chair of the Climate Change Committee Lord Deben; co-founder of Extinction Rebellion Gail Bradbrook; and, Head of Oil, Gas and Mining at Carbon Tracker Initiative Mike Coffin.  –  This episode was recorded the day before the regulator gave approval to the Norwegian energy giant Equinor to develop Rosebank, the largest untapped oil field in the UK. The implications of, and response to, this decision is discussed further in Episode Four of Tides of Transformation. –  For more information about Tides of Transformation: An Oil Story, please visit: https://www.intelligencesquared.com/tides-of-transformation/. This series was produced in partnership with the Fraying Ties? project. Learn more about your ad choices. Visit podcastchoices.com/adchoices

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  • A Members Exclusive Limited Series from Intelligence Squared. Head to www.intelligencesquared.com/membership to become a member today and listen whenever you get your podcasts. In recent months it can feel like Saudi Arabia is intent on buying the world. Its Public Investment Fund (PIF) has bought up much of golf, sports teams, many of the globe’s best soccer players to its domestic league, and it owns huge chunks of many of the most famous companies on the planet. But Saudi Arabia is not just on a shopping spree. The once insular, oil rich kingdom is transforming into a major diplomatic player, a pivotal actor in the energy transition, an ever-stronger military power, and a host to high-end cultural events, like the FIFA World Cup in 2034. It feels like the era of the Saudi Project. And the country will become a bigger part of all of our lives. But what exactly is the kingdom trying to achieve? And will it succeed? This series speaks to world leading experts to go past the headlines and help listeners understand Saudi Arabia and it's ambitions more clearly. Providing unique analysis and insight into the complex moral questions all Western nations will have to answer as they work with a rising Saudi Arabia in the years ahead.

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소개

The oil industry has historically operated in relative invisibility. Mysterious offshore rigs hundreds of miles out to sea can appear like images of a foreign land; refinery chimneys rising beyond the edges of some of our biggest cities are easy to mistake for just another factory; and bustling offices, the site of monumental decisions affecting generations to come, are just as faceless as the next. Out of sight – and often out of mind.  But such invisibility belies the overwhelming, ever-presence of oil. It’s in the fuel that powers our cars and aircrafts. It’s in our children’s plastic toys and trinkets. It’s in unseen flows of power, wealth and social capital. It’s in our art galleries, and our sports teams. It’s embedded in our economic policy, our communities, the very structure of our country.  So, what exactly do we mean when we talk about oil? How is our relationship with it changing? And what would stopping oil really look like?  These are just some of the questions that we will explore in this series from Intelligence Squared, drawing on recent research from the Fraying Ties? project, supported by the UK’s Economic and Social Research Council. Through discussion with industry insiders, policy-makers, activists, politicians, trade unionists, ex-oil rig workers and academics we look at the industry in its complexity and ask: given the climate emergency, how must the industry change to facilitate a just, renewable energy transition, and what might a new world – one in which we’ve ceased burning fossil fuels altogether – look like?

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