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Report: IPIECA: Addressing adaptation in the oil and gas industry
Category: Energy, Latest News, Oil, Gas & Extractives

The global oil and gas industry association for environmental and social issues (IPIECA) has released a report on climate change adaptation for the oil and gas sector. The report comes as oil and gas companies increasingly recognise the need to integrate climate adaptation planning as part of their risk management strategies.The 13 page briefing report is intended for anyone in the oil and gas industry with an interest in adaptation planning. It examines oil and gas industry awareness of climate change-related risks, and identifies appropriate responses and ways in which these responses are being integrated into broad risk management frameworks. Structured to provide an overview of the adaptation planning process, the document includes:

  • examples of climate risks identified by the oil and gas industry;
  • an outline of risk evaluation processes related to specific potential impacts, and
  • in-use examples of risk adaptation and management.

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