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CO2CRC Symposium 2026
Plenary 1 - Confronting Energy Realities
Session

Session

10:30 am

24 February 2026

Plenary Room

Session Description
Chair: Dr Matthias Raab

As the world races to build clean energy systems, the complex realities of energy supply cannot be overlooked. While renewables are accelerating, hydrocarbons remain essential, widespread, and continue to grow in use — driven by the energy demands of expanding and developing economies and populations.

Carbon capture and storage (CCS) technologies offer promise as one of the few viable pathways to reduce emissions while preserving energy security and affordability. Over the past 12 to 18 months, the total number of CCS facilities in the global development pipeline has grown at an unprecedented pace. Australia is a key player, with two fully operational CCS projects (Gorgon and Moomba) and several under development. Yet a widening investment gap threatens to slow progress, with current CCS funding falling well short of what is needed to keep net-zero ambitions on track. 
Session Program
David is the director of our Energy Transition Practice. He began his career with Wood Mackenzie in 2011 as an analyst covering European markets. From 2014-2016, he was posted in the Beijing office, where he led the integration of their China energy research. He presented regularly on China’s macroeconomic outlook, gas and LNG markets and coal-to-gas switching goals.

Leveraging his global experience across multiple areas of the energy industry, David moved to the Houston office in 2016. He is a key author of their Energy Transition Outlook, Accelerated Energy Transition Scenarios and emerging technology coverage. He regularly advises strategy groups, company leadership teams, and investors on major long-term questions facing energy markets.

Significant progress towards a low carbon world has been made, but the rate of change has to increase, just as the low hanging fruit has been captured. This is an opportunity for CCS. 

Not all CCS projects are likely to be successful. This session considers the drivers for CCS, the necessary conditions for a successful project, and competitive alternatives in pursuing net zero carbon outcomes.

Community support for CCS cannot be taken for granted. Already onshore CCS has been challenged, and this is limiting project options. 

This session reviews the strategic future of CCS with both its opportunities and traps.
This Panel session will explore how energy security, power demand and technology choices mean the use of oil, gas (LNG) and coal for longer, how CCS can become commercially viable in Australia, and the opportunities and challenges of large-scale CCS deployment. 

The panel will consist of senior energy, oil, and gas executives and it will be chaired by Saul Kavonic, Head of Energy Research - MST Financial.