Oil and Gas CEOs Call for Effective Climate Change Agreement at COP21
The CEOs of 10 of the world’s largest oil and gas companies have called for an effective climate change agreement from next month’s UN climate change conference.
In a meeting that was heralded last week, eight of the 10 CEOs who currently make up the Oil and Gas Climate Initiative (OGCI) met to discuss and then explain how they intend to help combat climate change. In addition to releasing its collaborative report, “More Energy, Lower Emissions,” the OGCI also published a joint declaration outlining its “collective support for an effective global climate change agreement.”
In the joint declaration, the CEOs of BG Group, BP, Eni, Petróleos Mexicanos, Reliance Industries Limited, Repsol, Royal Dutch Shell, Saudi Aramco, Statoil, and Total recognized “the general ambition to limit global average temperature rise to 2°C, and that the existing trend of the world’s net greenhouse gas emissions is not consistent with this ambition.”