The World Petroleum Congress (WPC) 2023 continued on its second day, focusing on two key areas of energy generation and storage: Hydrogen production and Carbon Capture, Usage, and Storage (CCUS). The day featured insights from notable figures in the industry, including Kevin Myson and Jessica Kennedy.
Hydrogen, celebrated for its potential as a clean and sustainable fuel, was a main focus of discussion. However, the center of gravity in these conversations was around sustainable production methods. The generation of hydrogen may employ a variety of methods, many of which have significant carbon footprints. Therefore, the discussions led by Myson and Kennedy took a deep dive into efforts in Canada to improve the efficiency and atmosphere-friendly aspects of hydrogen production.
The relevance of CCUS in this discourse cannot be overemphasized. As a set of technologies designed to capture and store or use carbon dioxide emissions from energy production or industrial processes, CCUS is an integral part of the sustainability conversation. Strides in the deployment of these technologies, especially in the context of hydrogen production, were an integral part of the Congress’s second day.
Myson and Kennedy also explored the cost-benefit analysis of these technologies, emphasizing the role of the legal and economic infrastructure in advancing a greener future. These discussions provided guidance on potential best practices that could catalyze reformation within the industry.
The complex interplay of laws, governance, technologies, and markets, as exemplified in the proceedings of the WPC, presents a fertile ground for legal professionals. Therefore, staying updated with the latest trends and discussions in the energy sector is crucial for the legal fraternity, especially those working in the energy, environment, and corporate legal space.
For a deeper understanding of the topics addressed on the second day of the World Petroleum Congress, consider reading the detailed report by Bennett Jones LLP on JD Supra.