The CEOs of 10 energy giants say they are ready to work together to fight the devastating phenomenon of climate changes. Meeting in Paris, the managing directors of the 10 companies in the oil & gas sector that form theOgci, the oil and gas climate initiatives, confirmed the common commitment to limit the average global temperature increase to 2 degrees, highlighting that the current trend of global net greenhouse gas (GHG) emissions is not in line with this goal.
The 10 companies that make up the OGCI, BG Group, BP, Eni, Pemex, Reliance Industries, Repsol, Saudi Aramco, Shell, Statoil and Total, claim to have taken “significant steps to reduce their GHG footprint, through the reduction of GHG emissions from their operations, by approximately 20% over the past 10 years.”
The idea of the ten energy groups is also to find synergies by collaborating in different areas "with the aim – they say – of going beyond individual efforts". For the 10 managing directors "it is a challenge for the whole of society and we are committed to doing our part: over the next few years, all together we will strengthen measures and investments to help reduce the greenhouse gas intensity of the global energy mix”.
The CEOs of these companies, which together supply nearly a fifth of global oil and gas production and supply nearly 10 percent of the world's energy, also today declared their joint support for reaching an agreement next month effective on climate during the 21st session of the Conference of the Parties to the United Nations Framework Convention on Climate Change (COP21).
