Episode 132

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Published on:

18th Feb 2025

Decommissioning offshore oil and gas with Joshua Runciman

Oil spills, leaks and contaminants can wreak havoc on marine life, and abandoned and decaying platforms and pipelines can cause large-scale damage through chemical and heavy-metal pollutants.

With LNG markets declining and ageing offshore oil and gas infrastructure representing an environmental safety risk, titleholders are now having to decommission offshore infrastructure.

This process represents an estimated $60 billion liability for investors over the next 30–50 years.

In December 2024, the Australian government released the 'Offshore Resources Decommissioning Roadmap', helping titleholders fulfil their regulatory obligations under laws like the Offshore Petroleum and Greenhouse Gas Storage Act 2006.

Here to discuss is Joshua Runciman, lead analyst of Australian gas at the Institute for Energy Economics and Financial Analysis (IEEFA).

The host of The Greener Way is Rose Mary Petrass, senior journalist at FS Sustainability. 



This podcast uses the following third-party services for analysis:

OP3 - https://op3.dev/privacy
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About the Podcast

The Greener Way
Conversations about people, planet and profit-for-purpose in a complex world, brought to you by the publishers of FS Sustainability.
The Greener Way is your podcast for exploring the big environmental, social and governance questions. Each week, The Greener Way will focus on deep conversations with investment and corporate experts who are deeply engaged in managing the sustainability challenges facing our planet.

From climate change to biodiversity, human rights and modern slavery to corporate purpose and governance, we tackle head-on the nuances and trade-offs of our complicated world.

The Greener Way is the podcast of FS Sustainability, the premier weekly trade publication that covers how investors and companies are changing real world outcomes across environmental, social and governance issues.