Oil And Gas CEOs Call For Effective Climate Change Agreement At COP21

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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 which was heralded last week, 8 of the 10 CEOs that 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 (PDF), the CEOs of BG Group, BP, Eni S.p.A, Petróleos Mexicanos, Reliance Industries Limited, Repsol S.A., Royal Dutch Shell, Saudi Aramco, Statoil ASA, and Total S.A., 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 (GHG) emissions is not consistent with this ambition.”

The OGCi is hopeful that governments will create “clear stable policy frameworks that are consistent with a  2°C future” so that, in turn, their companies “will support the implementation of these frameworks because they will help our companies to take informed decisions and make effective and sustainable contributions to addressing climate change.”

“Over the coming years we will collectively strengthen our actions and investments to contribute to reducing the GHG intensity of the global energy mix.”

Both the CEOs declaration and the report outline five areas the OGCI companies will focus their own collaboration, including efficiency, natural gas, long-term solutions, energy access, and partnerships and multi-stakeholder initiatives. The report (PDF) further outlines the specifics of each of these five goals.