CEOs of 10 global oil and gas companies have joined forces to encourage a declaration on climate change to be made at next month’s 21st session of the United Nations (UN) Conference of Parties to the UN Framework on Climate Change - COP21.
The ten companies, including state-owned and publically owned firms, are BG Group, BP, Eni, Pemex, Reliance Industries, Repsol, Saudi Aramco, Shell, Statoil and Total. They are part of the are part of the Oil and Gas Climate Initiative (OGCI) and jointly provide almost a fifth of the oil and gas production and supply nearly 10% of the world's energy.
They confirmed that they recognize the general ambition to limit global average temperature rise to 2 degrees centigrade and that the existing trend of the world’s net global greenhouse gas (GHG) emissions is not consistent with this ambition.
In a joing declaration they:
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.”
The declaration is signed by: 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 Sætre, Statoil; and Patrick Pouyanné, Total.
The OGCI has also launched a report, More energy, lower emissions, 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.
The OGCI was established following discussions held during the January 2014 World Economic Forum Annual Meeting and was officially launched at the September 2014 UN Climate Summit.
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