In February, AAPG partnered with the Society of Petroleum Engineers and the Society of Exploration Geophysicists to conduct the Energy in Transition Symposium in Washington, D.C. Hosted by the Embassy of Canada in the U.S. capital, and with the financial support of the AAPG Foundation and other sponsors, the focus of the symposium to communicate the important role of subsurface science and engineering as global energy systems continue to evolve.

National and international energy companies today face enormous pressure from government, shareholders and society to meet increasing demand and deliver profits while meeting the United Nations Sustainable Development Goals and progressing toward a transition away from fossil fuels. The Energy Trilemma – the capacity to provide energy security, energy equity and environmental sustainability simultaneously – is a term developed and measured by the World Energy Council since 2010. Whether they use “Energy Trilemma” or another term, industry leaders face daily decisions about how to provide reliable, sustainable energy for all while reducing CO2 emissions and developing cleaner energy sources.

The decade of the 1960s was both hectic and productive in the international petroleum industry. During those years, I worked for three oil and gas companies: Shell; the state-owned Corporacion Venezolana de Petróleo, or CVP; and Philips Petroleum Corporation. The geographical locations were diverse: surface exploration in western Venezuela; the Maracaibo oilfields and Caracas; The Hague, in the Netherlands; Balikpapan, Indonesia; Bartlesville, Okla.; and Lafayette, La. One of my most fruitful experiences took place in Maracaibo, when I had the opportunity to work with a four-man team from the Institut Français du Pétrole, known as IFP – the French Petroleum Institute. They had been sent to Venezuela to conduct regional geological studies in support of the newly created CVP.

Natural carbon sinks, such as oceans, vegetation and soils are, and will remain, critical when it comes to the best way to remove carbon from the atmosphere. But those natural solutions, as presently operating, will not be sufficient to meet climate goals. It’s not that the systems are not working, they just need to be working better. Enhancements to those sinks will be needed. Emitting less carbon would help, too. “One of the misconceptions is that CCS is still too expensive,” said Max Brouwers, Getech’s chief business development officer. There are many challenges with the successful operation of CCS and carbon capture, utilization and storage, he said, but the incremental societal cost is not one of them.