European Manifesto
2024 - 2029 Europe navigates a new age of global competition and changing geopolitical realities,

One that challenges the very foundations of our European societies,

And requires novel thinking. 2024-2029 To preserve Europe’s model of values, its climate leadership, and economic power,

The European oil and gas industry calls on European political leaders to begin a new chapter of policymaking,

To reconcile resilience, sustainability, and competitiveness. 2024-2029 The current trend towards overregulation and prescriptive policies exacerbates polarization and stifles economic growth.

This forces Europe into an artificial choice between climate and industrial objectives, eroding our industrial backbone while increasing overall emissions. In support of a new approach to European energy, climate, and industrial policy, while underscoring our commitment to Europe’s security and prosperity,

We offer recommendations inspired by ambition, fairness, and pragmatism. RESILIENCE Europe is a society of shared values cemented by security and prosperity. Our industry strengthens Europe’s resilience in a challenging geopolitical context by: - Supplying energy safely to meet society’s needs
- Stabilising an increasingly renewable-based energy system.
 RESILIENCE We call on European policymakers to: 1 Preserve Europe’s attractiveness to global energy suppliers by: - ensuring smooth functioning of the EU’s integrated energy market - avoiding overregulation and distortive interventions.
2 Maximise the use of the EU’s own oil and gas resources by: - including them in National Energy and Climate Plans - removing unnecessary barriers to the exploration, development, and production of Europe’s significant oil and gas resources. 3 Diversify and secure the EU’s long-term energy supply by: - promoting long-term gas supply contracts with reliable suppliers - reducing uncertainty for global suppliers and European consumers by reaffirming the long-term role of gas, including in its decarbonized form. SUSTAINABILITY Europe can be a leader in climate ambition and low-carbon technologies. Our industry helps Europe achieve its Paris Agreement and net-zero ambitions by: - Reducing emissions across our operations and providing mitigation solutions such as Carbon Capture and Storage (CCS) to emitters
- Increasing our investments in renewable and low-carbon technologies SUSTAINABILITY We call on European policymakers to: 1 Develop opportunities for all available greenhouse gas (GHG) mitigation technologies by: - ensuring the stability of fiscal regimes and leverage ESG considerations in sustainable investment decisions - supporting low-carbon hydrogen demand by levelling the playing field and rewarding its use.
2 Reduce European methane emissions further by: - taking cost-effective, feasible, risk-based measures which maximise environmental results - pursuing science-based policymaking addressing all sources of methane. 3 Repurpose legacy assets and develop new infrastructure by: - supporting the development and adaptation of infrastructure for multimodal transport of hydrogen and CO2, including across borders. COMPETITIVENESS Europe can be an economic power with an edge in innovation. Our industry helps Europe retain its world-class industrial base by: - Modernising strategic industrial assets and creating jobs for the energy transition through novel innovation
- Leveraging our workforce’s global project execution skills to supply Europe with affordable energy alongside the transition. COMPETITIVENESS We call on European policymakers to: 1 Continue attracting large-scale investments needed for the transition by: - ensuring the stability of fiscal regimes in Europe - preserving the competitiveness of Europe’s strategic industries and proper functioning of the EU’s internal energy market. 2 Create net-zero technology leadership opportunities by: - developing and strengthening reliable global energy partnerships - promoting the European energy industry’s low-carbon technology solutions globally. 3 Support a Just Transition by: - protecting vulnerable consumers and strategic sectors through targeted financial support - reskilling the energy workforce to reduce operational emissions and deploy low-carbon technologies. Europe needs a new approach to policymaking.
One that combines ambition, fairness and pragmatism.

The European oil and gas industry is committed to do its part,
By providing Europe with solutions to achieve its climate and industrial objectives,

While protecting Europe’s model of values, climate leadership, and its economic power. Download the Manifesto 2024 - 2029 Resilience Sustainability Competitiveness Download
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