Post by account_disabled on Mar 12, 2024 5:39:37 GMT -5
US oil firms Exxon Mobil, Chevron and Occidental Petroleum recently announced that they have joined a group of major oil and gas companies in an initiative aimed at reducing carbon dioxide emissions produced by the sector.
The move marks a complete turnaround for Exxon Mobil and Chevron, as the two largest US oil and gas producers had resisted joining the Oil and Gas Climate Initiative (OGCI) after its launch in 2014.
The initiative currently has 10 members, including the largest European oil companies Total, Royal Dutch Shell and BP, as well as state oil companies Saudi Aramco, Mexico's Pemex and China's CNPC.
Exxon Mobil, Chevron and Occidental Petroleum recently announced they have joined a group of major oil companies.
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It is worth mentioning that Exxon and Chevron differ from their rivals on several issues related to climate change; They had previously refused to care about the Czech Republic Mobile Number List environment and did not join a call by European firms to establish a global price on carbon dioxide.
The addition of these three new companies means that the initiative's members represent 30% of the world's oil and gas population and 20% of primary energy consumption, Total CEO Patrick Pouyanne said on Twitter.
The addition of three American companies gives us more impact to lead the industry's response to climate change.
Members of the initiative are committed to taking action to reduce methane and transportation emissions, improve their energy efficiency, and advance technology to capture and store carbon emissions.
These also contribute to a billion-dollar fund that invests in new technologies and business models with the aim of reducing planet-warming emissions.
Exxon and Chevron join actions in favor of the environment
In a statement, Exxon President and CEO Darren Woods said that "it will take the collective efforts of many in the energy industry and society to develop the scalable and affordable solutions that will be necessary to address the risks of climate change.
The move marks a complete turnaround for Exxon Mobil and Chevron, as the two largest US oil and gas producers had resisted joining the Oil and Gas Climate Initiative (OGCI) after its launch in 2014.
The initiative currently has 10 members, including the largest European oil companies Total, Royal Dutch Shell and BP, as well as state oil companies Saudi Aramco, Mexico's Pemex and China's CNPC.
Exxon Mobil, Chevron and Occidental Petroleum recently announced they have joined a group of major oil companies.
Tweet this phrase.
It is worth mentioning that Exxon and Chevron differ from their rivals on several issues related to climate change; They had previously refused to care about the Czech Republic Mobile Number List environment and did not join a call by European firms to establish a global price on carbon dioxide.
The addition of these three new companies means that the initiative's members represent 30% of the world's oil and gas population and 20% of primary energy consumption, Total CEO Patrick Pouyanne said on Twitter.
The addition of three American companies gives us more impact to lead the industry's response to climate change.
Members of the initiative are committed to taking action to reduce methane and transportation emissions, improve their energy efficiency, and advance technology to capture and store carbon emissions.
These also contribute to a billion-dollar fund that invests in new technologies and business models with the aim of reducing planet-warming emissions.
Exxon and Chevron join actions in favor of the environment
In a statement, Exxon President and CEO Darren Woods said that "it will take the collective efforts of many in the energy industry and society to develop the scalable and affordable solutions that will be necessary to address the risks of climate change.