Energy
UN urges oil firms to move to cleaner energy

Published
4 years agoon

Christiana Figueres, executive secretary of the UN Framework Convention on Climate Change, has urged the heads of six European oil majors to transition to cleaner technologies in a letter that praises their efforts so far.
The letter, which has been addressed to the heads of BG Group, BP, Eni, Royal Dutch Shell, Statoil and Total, urges the oil sector to play an important role in the transition to a low-carbon economy and cleaner energy sources.
Figueres’s letter is in response to one the oil companies sent themselves in May. The open letter to governments and the UN states that the companies could take faster action to tackle climate change if governments provide stronger carbon pricing and eventually link them up into a global system.
The letter said, “Our companies are already taking a number of action to help limit emissions, such as growing the share of gas in our production, making energy efficiency improvements in our operations and products, providing renewable energy, investing in carbon capture, and exploring new low-carbon technologies and business models.”
It continued, “For us to do more, we need governments across the world to provide us with clear, stable, long-term ambitious policy frameworks. This would reduce uncertainty and help stimulate investments in the right low carbon technologies and the right resources at the right pace.”
Figueres praised the “important steps” the companies have taken, adding their stated intentions would provide confidence to government that a low carbon, resource efficient and prosperous economy is achievable ahead of the UN climate change summit in December.
While the letter states that the Figueres is confident that there are still efficiencies and opportunities without the current regulatory framework, it sets out plans for direct dialogue on the design of internationally linked carbon pricing schemes, including what the price of carbon should be.
Figueres added, “Through scaling up your own emission reduction efforts, engaging in specific detail about carbon pricing, encouraging your government engagements is consistent and by planning for a long term transition to a low carbon economy, your companies and other in your sector can play a crucial role in managing and reducing the threat from climate change.”
Photo: Steven Straiton via Flickr
Further reading:
Norway’s oil fund backs Shell climate resolution
Oxford University pledges to stay away from oil and coal investments
It’s impossible for big oil and gas to adapt to decarbonisation, says environmentalist
Big oil companies under investigation for price rigging
Put out the bunting for big oil: it’s International Petroleum Week
You may like
-
7 Things You Can Do Right Now To Help Our Ecology
-
The Essential Role of Electric Vehicles in the Climate Battle
-
Energy Efficient Ice Rinks Do Their Part In The Climate Change Battle
-
Climate Change Is Doing Crazy Things To The Seasons
-
The Terrifying Contribution Of Food Waste To Climate Change
-
The Materials That Are Making Construction More Sustainable

Truth About The Shocking Environmental Impact Of Bitcoin Mining

Why Eco-Friendly Homeowners Should Make Smart Thermostat Upgrades

6 Awesome Reasons Eco-Friendly Consumers Use Smart Thermostats

How To Stay Eco-Friendly On Instagram While Traveling

Help Save The Planet With The Best Energy Efficient HVAC Systems

5 Simple Steps To Build Sustainable Shipping Containers

Valve Actuators: Underappreciated Sustainable Living Tools For 2020

Green Energy Safety Risks That People Don’t Know About

Ridiculously Easy Ways To Slash Bottled Water Waste

Navigating The Convoluted Land Leasing Process For Solar Projects

Truth About The Shocking Environmental Impact Of Bitcoin Mining

Help Save The Planet With The Best Energy Efficient HVAC Systems

Why Eco-Friendly Homeowners Should Make Smart Thermostat Upgrades

5 Simple Steps To Build Sustainable Shipping Containers

Valve Actuators: Underappreciated Sustainable Living Tools For 2020

Green Energy Safety Risks That People Don’t Know About

6 Awesome Reasons Eco-Friendly Consumers Use Smart Thermostats

How To Stay Eco-Friendly On Instagram While Traveling
Trending
- Environment3 days ago
Truth About The Shocking Environmental Impact Of Bitcoin Mining
- Energy5 days ago
Help Save The Planet With The Best Energy Efficient HVAC Systems
- Economy3 days ago
Why Eco-Friendly Homeowners Should Make Smart Thermostat Upgrades
- Sustainability5 days ago
5 Simple Steps To Build Sustainable Shipping Containers