Discover and read the best of Twitter Threads about #CERAWeek
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The đ is on track to exhaust its 1.5 carbon budget if we donât allâincluding the oil & gas industryâ âup our gameâ as #DrSultanAlJaber urged today at #CERAWeek.
Welcome call by #DrSultanAlJaber to âdecarbonize quicker, future-proof sooner and create the energy system of the futureâtoday.â @MikeBloomberg and I look forward to working w/  @UAEClimateEnvoy to transform our energy system consistent w/ 1.5 degrees & boosting jobs & growth
It wonât happen by fiat. We need everyone at the table and committed to act in order to ramp up the ratio of renewable to conventional energy from 1:1 today to at least 4:1 by 2030. GFANZ committed to supply the $trillions needed to make that happen
1/ CERAWeek2023 takeaways thread. Lots of early talk about pragmatism and needing to move to an orderly, from a chaotic, "transition" that will take many, many decades. The pragmatism is definitely welcomed...but doesn't change the reality that...
@CERAWeek #CERAWeek
@CERAWeek #CERAWeek
2/ ...we are still very early in the energy CAPEX cycle. We are under-invested in capacity and deliverability in traditional energy. It is still way, way early in the ramp period for the multitude of new technologies being pursued and that would be needed to transition.
3/ Investors, understandably, and without question (1) do NOT want traditional energy CAPEX, (2) are intrigued with future technologies. Lots of reasons for this we all know. This nets, in my view, to a high likelihood of the messy energy transition continuing.
Afternoon folks. Hard to tweet while putting out headlines on the wire itself, editing articles and running from spot to spot here. Were I not an editor! But still, a long thread on #CERAWeek 
Weâre in a growing energy crisis that seems like itâs going to get worse â Iâll get to that later. The tenor of the conference here has been a combo of some dread â the reality of the surge in oil prices, emerging shortages in fuel and unfinished oils, and rising natgas prices.
The original plan was to do a lot of talk of renewables and transition â even though the usual first couple days would have been dominated by oil. But thatâs not how it turned out, of course, and the conference organizers recognized that shift. #OOTT
reuters.com/business/energâŚ
reuters.com/business/energâŚ
Petronas CEO calls the current market crisis âabsolute bedlamâ and âchaosâ #CERAWeek
Cheniereâs Fusco: we process 7-7.5Bcf/d currently for LNG export. âWe are maxed out.â #CERAWeek
Cheniere on whether thereâs any slack in the global LNG system: ânot muchâ Fusco says, âno one is holding backâ #CERAWeek
$XOM Darren Woods: industry coming together at #CERAWeek âunitedâ around two objectives: 1) meeting worldâs energy needs 2) addressing climate change
$XOM Woods: current events reinforce importance of developing diverse sources â points to Permian as development that has transformed energy map and improved energy security of US and world #CERAWeek
$XOM Woods reinforces âdeep concernâ surrounding Russia-Ukraine and calls out âneedless destructionâ and loss of life
(I know this type of statement has become routine over the past week but it really is unprecedented - Big Oil historically tried to thread neutrality) #CERAWeek
(I know this type of statement has become routine over the past week but it really is unprecedented - Big Oil historically tried to thread neutrality) #CERAWeek
John Kerry: energy is âturbulentâ w/ regard to $ and supply in light of Russia-Ukraine crisis and the economic response. Itâs going to be something âweâre going to have to live with for awhileâ, but âwe need to come togetherâ - calls this a âdefining momentâ of century #CERAweek
Kerry: the emissions off-ramp will be too steep post-2030 if not enough is done this decade to keep 1.5 degrees/net zero by 2050 in sight. (Hasnât yet commented on how to balance this with still-real oil, gas demand and med-term energy security needs) #CERAWeek
Kerry: the IEA has identified 46 critical technologies to achieve net zero. The world is behind on delivering 44 of those at economically commercial scale. #CERAWeek
Americaâs energy revolution is creating an energy abundance, strengthening national security for ourselves and our partners and allies. The U.S. energy model drives progress, development, and prosperity, and good natural resource governance. #CERAWeek #StateDeptStateside
The more we can spread the U.S. model of free and fair competition, the more we can encourage energy diversity and stability of supply. Weâre not just exporting our energy, weâre exporting our commercial value system to our friends and partners. #CERAWeek #StateDeptStateside
By facilitating investment, building partnerships, and punishing those who cheat the system, like Iran and Venezuela, we will promote Americaâs freer, more superior energy model and create energy security for America and our partners and allies. #CERAWeek #StateDeptStateside
