Bjørn Otto Sverdrup

Oil and Gas Climate Initiative (OGCI)

Chair of the Executive Committee

Bjørn Otto Sverdrup is Chair of the OGCI Executive Committee. He is responsible for building consensus among the team of senior executives representing OGCI’s member companies and advancing and implementing the strategy set by the OGCI CEOs. Prior to his appointment in 2021, he was Equinor’s Senior Vice President for Corporate Sustainability and a member of the Global Strategy and Business Development Management Committee. Over the past five years, he was responsible for developing the company’s climate roadmaps, participated in OGCI’s work with stakeholders and engaged extensively in international climate policy development.

Sessions With Bjørn Otto Sverdrup

Thursday, 21 October

  • 03:10pm - 03:40pm (IST) / 21/oct/2021 09:40 am - 21/oct/2021 10:10 am

    From Oil & Gas Companies to Energy Companies

    Live Stream

    With increasing focus on net-zero targets, including scope 3 emissions, many oil and gas companies are revaluating their portfolio mix. At the same time, returns on cleantech investments have been much higher than oil and gas. And ESG goals are driving investors away from oil and gas investments. Many large IOCs are accelerating low-carbon investments while significantly reducing oil and gas exploration and investments in new projects. Prior attempts to restructure the portfolio have been largely unsuccessful. What is different this time? What would be the ideal portfolio mix for an energy company? With the recent run-up in oil and gas prices, is it a good strategy to reduce oil/gas investments? What skills will oil and gas companies need to transform themselves into energy companies? What role will financial institutions have in accelerating this transition?