Ro
Maritime government
10-16-2015 05:58:44
The top 10 executives of the world’s largest oil and gas companies, which together account for almost a fifth of oil and gas production and supply nearly 10 percent of the world’s energy , announced the general support for reaching an effective climate change agreement at the United Nations (UN) Conference of the Parties next month in the UN Framework for Climate Change (COP21).
In their milestone confirmation, the Heads of the 10 companies currently making up the Oil and Gas Climate Initiative (OGCI) – BG Group, BP, Eni, Pemex, Reliance Industries, Repsol, Saudi Aramco, confirmed Shell, Statoil and Total – these recognize the general goal of limiting global average temperature rise to two centimeter levels and not the current trend of global greenhouse gas (GHG) emissions. ) the world according to this purpose.
OGCI member companies have taken major steps to reduce their GHG footprint, with GHG emissions from their operations having fallen by about 20 per cent over the past 10 years, she said. group in a statement.
In their confirmation, the 10 Chief Executives said:
“Our common goal for the future is 2 ° C. It is a challenge for society as a whole. We are committed to playing our part. Over the coming years we will jointly strengthen our activities and investments to contribute to the reduction of GHG intensity in the global energy mix. Our companies collaborate in a number of areas, with the goal of going beyond the sum of our individual efforts. ”
The 10 Chief Executives are: Helge Lund, BG Group; Bob Dudley, BP; Claudio Descalzi, Eni; Emilio Lozoya, Pemex; Mukesh Ambani, Trust Industries; Josu Jon Imaz, Repsol; Ben van Beurden, Dutch Royal Shell; Amin Nasser, Saudi Aramco; Eldar Sætre, Statoil; and Patrick Pouyanné, Total.
The OGCI also launched its collaborative report – More energy, lower emissions – highlighting practical actions taken by member members to improve GHG emissions management and work to improve the impact of climate change in the region. long-term. These activities include major investments in natural gas, carbon capture and storage, and renewable energy, as well as low GHG research and development.
Together, the declaration and report outline key areas where OGCI companies will focus their collaboration, including:
Efficiency: making the most of their own operations; improving the end-use efficiency of their fuels and other products and working with manufacturers and consumers to improve the efficiency of road vehicles.
Natural gas: contributes to increasing the proportion of gas in the global energy mix, ensuring that it results in significantly lower life cycle emissions than other fossil fuels for power generation; eliminate normal mitigation and reduce methane emissions from their work.
Long-term solutions: investing in R&D and innovation to reduce GHG emissions; participating in partnerships to improve carbon capture and storage; contributing to increasing the share of renewables in the global energy mix.
Energy accessibility: developing projects to enable people to access energy in partnership with local and national authorities and other stakeholders.
Multi-stakeholder partnerships and initiatives: seeking opportunities to accelerate climate change solutions by working together or alone in industry and other initiatives.
The OGCI is a CEO-led voluntary, oil and gas industry initiative that aims to take practical action on climate change through optimal sharing and collaboration.
The OGCI was established following discussions held at the Annual Meeting of the World Economic Forum in January 2014 and was officially launched at the UN Climate Conference in September 2014.
Earlier collaboration
In June this year, major oil and gas companies, BG Group, BP, Eni, Royal Dutch Shell, Statoil and Total, announced the call to governments around the world and to the United Nations Framework Convention on Climate Change (UNFCCC) to incorporate carbon into pricing systems and create clear, sustainable, ambitious policy frameworks that can link national systems. These would reduce uncertainty and promote the most cost-effective ways to reduce carbon emissions widely.
The six companies explained the situation in a joint letter from their senior officials to the UNFCCC Executive Secretary and the President of COP21.
Showering
In April this year, 25 oil companies, oil producing countries and development agencies signed an agreement to end the practice of spraying natural gas by 2030.
Royal Dutch Shell, Statoil, Kuwait Oil Company, Russia, Norway and the Asian Development Bank were among the pledges at the World Bank in Washington.
But globally every year, around 140 billion cubic meters of associated natural gas is burned or ignited at thousands of oil fields. As a result, more than 300 million tonnes of CO2 will be released into the atmosphere – the equivalent of emissions from around 77 million cars.
Along with Statoil and Norway, the other signatories supported the campaign recognizing that conventional gas spraying is unsustainable from a resource and environmental management perspective. They all agreed to work together to eliminate ongoing conventional discounts as soon as possible and no later than 2030.
The OGCI certification is available here.
An OGCI report is available here.