Big Oil can accelerate the green transition by repurposing existing fossil fuel infrastructures for clean fuel supply.

Big Oil companies can lead the green transition by repurposing existing fossil fuel infrastructures to supply clean fuels like hydrogen, biofuels, and e-fuels, instead of building new ones for EV adoption. Collaboration, targeted exemptions, and close regulatory oversight can help reduce investment risks and accelerate the transition to clean energy. Repurposing fossil fuel infrastructures could be cheaper and faster than developing new systems, and carbon capture and storage (CCS) enables zero-emissions hydrogen production. This new role for Big Oil requires industry-wide agreement and alignment with emission reduction goals.

August 29, 2024
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