Chrysaor Carbon Strategy
We are committed to playing a leading role in the transition to a lower carbon economy
As the leading E&P company in the North Sea, we recognise the growing challenge posed by climate change.
The world faces a dual challenge of meeting increased demand for cheap, reliable and safe energy, while at the same time reducing emissions of carbon dioxide.
We are currently working with governments and the wider industry to ensure we are consistent with the Paris climate goals of 2 degrees warming and the necessary transition to a low carbon economy.
As part of this process, we are taking steps to make our operations net zero scope 1 and 2 emissions. [Not only will this reduce our future financial exposure to climate risk but it will also act as a catalyst for GHG emissions reductions across our business.]
Our immediate focus is on the following initiatives:
- Investing in a carbon capture and storage project in the UK, through emerging technologies and partnerships
- A number of operational efficiencies and improvements such as dramatically reducing flaring, the electrification of our operations and setting an internal carbon price