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Carbon Tracker Initiative (CTI)

CTI Launch Event 8th May 2014 - Carbon Supply Cost Curves: Oil

Burgess COMMENTARY

Peter Burgess

Carbon Tracker Initiative ... Carbon Supply Cost Curves: Oil - Launch Event May 2014

In May 2014, CTI launched a new research series which identifies the highest carbon content highest priced assets with potential for future development, mapping company exposure to these assets.

In this video Mark Fulton, Energy Transition Advisor to CTI, presents the key findings of the first report, focused on the oil sector.

This new report extends the notion of a carbon budget to market realities and address the following key questions:

Where is the potential new oil production coming from? Who is going to supply it? At what price?

The analysis shows:

- The differences between company / industry oil demand & price scenarios and low carbon / IEA 450ppm scenarios. - Oil production /emissions / capex plotted out to 2050 compared to carbon budgets. - An overlay of the cost and carbon associated with major oil locations on the horizon -- combined into a carbon cost curve, putting in context how the most expensive oil projects may make neither economic or climate sense. - The location / type of oil category involved in the high cost/carbon projects: eg oil sands, oil shale, deepwater, Arctic, etc. - The relative exposure of different sectors and companies (private and state companies) to these projects.

Please find more info on: www.carbontracker.org

Disclaimer

CTI and ETA are not investment advisers, and make no representation regarding the advisability of investing in any particular company or investment fund or other vehicle. A decision to invest in any such investment fund or other entity should not be made in reliance on any of the statements set forth in this publication. While the organisations have obtained information believed to be reliable, they shall not be liable for any claims or losses of any nature in connection with information contained in this document, including but not limited to, lost profits or punitive or consequential damages. The information used to compile this report has been collected from a number of sources in the public domain and from CTI and ETA licensors. Some of its content may be proprietary and belong to CTI/ETA or its licensors.