Consultation Response

IOGP response to the European Commission’s package on sustainable finance
Call for a “Talanoa Platform” to guarantee a smart, inclusive and technology-neutral taxonomy

Views of the upstream oil and gas industry and recommendations on sustainable finance in the context of the 2018 discussions on the European Commission’s proposal for a Regulation on taxonomy.

Key Points

  • Establish a flexible approach towards defining “green/sustainable projects”
  • Create an inclusive debate on “taxonomy”
  • Consider cost-effective technical solutions for different countries
  • Include the role of innovative technologies like CC(U)S and hydrogen
  • Ensure an international level playing field

Why Does it Matter?

The new rules on “taxonomy” should encourage the oil & gas industry to continue its contribution and support to make the necessary investments that facilitate workable energy transitions.

Author

IOGP

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