Oil And Gas Firms Reiterate Climate Pledges

Oil and gas firms, including those from the US, are increasingly taking climate change, and their pledges to tackle it seriously. This is likely to continue whatever hot air is emitted by the future occupant of the White House.

The Oil and Gas Climate Initiative (OGCI) – a grouping of ten international and national oil companies (see table) – includes European majors and key IOCs, but none from the US (see table).

US majors ExxonMobil and Chevron say that they are committed to tackling climate change but are skeptical on the carbon pricing scheme called for by the OGCI signatories – ExxonMobil has supported the importance of the Paris agreement with CEO Rex Tillerson reiterating calls for a carbon tax at last month’s Oil & Money conference in London. (CONTINUED - 368 WORDS)


table Oil & Gas Climate Initiative Members