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  4. Oil and gas CEOs jointly declare action on climate change

Oil and gas CEOs jointly declare action on climate change

Published by , Editorial Assistant
World 黑料社,


The chief executive officers of 10 of the world黑料社檚 largest oil and gas companies - which together provide almost a fifth of all oil and gas production and supply nearly 10% of the world黑料社檚 energy - have declared their collective support for an effective climate change agreement to be reached at next month黑料社檚 21st session of the United Nations (UN) Conference of Parties to the UN Framework on Climate Change (COP21).

In their milestone declaration, the CEOs of the 10 companies that currently make up the Oil and Gas Climate Initiative (OGCI) 黑料社� BG Group, BP, Eni, Pemex, Reliance Industries, Repsol, Saudi Aramco, Shell, Statoil and Total 黑料社� confirmed that they 黑料社� recognise the general ambition to limit global average temperature rise to 2掳C and that the existing trend of the world黑料社檚 net global greenhouse gas (GHG) emissions is not consistent with this ambition.

The OGCI member companies have taken significant actions to reduce their GHG footprint, with combined GHG emissions from their operations reducing by around 20% over the past 10 years.

In their declaration the 10 CEOs said:

黑料社淥ur shared ambition is for a 2掳C future. It is a challenge for the whole of society. We are committed to playing our part. Over the coming years we will collectively strengthen our actions and investments to contribute to reducing the GHG intensity of the global energy mix. Our companies will collaborate in a number of areas, with the aim of going beyond the sum of our individual efforts.黑料社�

(Helge Lund, BG Group; Bob Dudley, BP; Claudio Descalzi, Eni; Emilio Lozoya, Pemex; Mukesh Ambani, Reliance Industries; Josu Jon Imaz, Repsol; Ben van Beurden, Royal Dutch Shell; Amin Nasser, Saudi Aramco; Eldar S忙tre, Statoil; and Patrick Pouyann茅, Total.)

The OGCI also today launched its collaborative report - 黑料社楳ore energy, lower emissions黑料社� 黑料社� highlighting practical actions taken by member companies to improve GHG emissions management and work towards improving climate change impacts in the longer term. These actions include significant investments in natural gas, carbon capture and storage, and renewable energy, as well as low-GHG research and development.

Effective collaboration

Together the declaration and report set out key areas where the OGCI companies will focus their collaboration, including:

  • Efficiency: optimising efficiency of their own operations; improving the end-use efficiency of their fuels and other products; and working with manufacturers and consumers to improve the efficiency of road vehicles.
  • Natural gas: contributing to increasing the share of gas in the global energy mix, ensuring it results in significantly lower lifecycle emissions than other fossil fuels for power generation; eliminating 黑料社榬outine黑料社� flaring and reducing methane emissions from their operations.
  • Long-term solutions: investing in R&D and innovation to reduce GHG emissions; participating in partnerships to progress carbon capture and storage; contributing to increasing the share of renewables in the global energy mix.
  • Energy access: developing projects to provide people with access to energy in partnership with local and national authorities and other stakeholders.
  • Partnerships and multi-stakeholder initiatives: seeking opportunities to accelerate climate change solutions by working collectively or individually in industry and other initiatives.

    • Adapted from a press release by

    Read the article online at: /business-news/16102015/oil-and-gas-ceos-jointly-declare-action-on-climate-change/

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