Concerns both about future supplies of energy and about the impact of energy on our climate are growing. The challenges should not be underestimated, but our ability to innovate and harness technology can offer solutions. The world will long depend on fossil fuels to meet expanding demand. So we need to find and recover more conventional oil and gas, develop the potential of unconventional hydrocarbons, and use coal more efficiently. At the same time, we must reduce the carbon dioxide emitted by fossil fuels, make alternative forms of energy economic, and increase energy efficiency. New technologies will have to be applied on an unprecedented scale and pace, in increasingly demanding projects. International energy companies – with their integrated capabilities, global experience and commercial drive – will have a key role in this.


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