Press release
Wood appoints Chief Strategy Officer
An increasing number of countries are committing to ambitious net zero targets or setting goals to significantly reduce their carbon footprint.
Shaping a path to net zero will require a blend of solutions, but one of the biggest opportunities will come in optimising existing assets already in operation. Reducing the carbon intensity of these assets will be particularly important for sectors like upstream oil and gas, refining, petrochemicals and mining, where rising demand means these assets need to keep producing and cannot be easily replaced.
At Wood, we have demonstrated it’s possible to achieve a 20% reduction in Scope 1 and 2 emissions within two years. These initiatives not only contribute to carbon reduction but also have the potential to increase production and lower operating costs.
This presents a compelling opportunity for clients beyond environmental benefits, allowing them to drive long-term economic value and mitigate the risk of assets becoming future liabilities on their balance sheet.
The optimisation possibilities are real, and time is of the essence – the moment to act is now. Find out more in our latest viewpoint.