NewEnergyNews: Does The Oil And Gas Industry Finally See Climate Change?

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    Friday, September 30, 2016

    Does The Oil And Gas Industry Finally See Climate Change?

    Engaging industry in addressing climate change…MIT Joint Program lays out the 2 degree Celsius challenge for oil and gas producers.

    Mark Dwortzan, September 2016 (Massachusetts Institute of Technology News)

    “…[The Oil and Gas Climate Initiative (OGCI), a two-year-old organization comprised of 10 major oil and gas companies, is] confronting the challenge of climate change head-on…[It] committed last October to support the Paris climate agreement’s target of capping the rise in mean global surface temperature since preindustrial times at 2 degrees Celsius by 2100, and has been working ever since to develop a plan for the industry to help advance this objective…

    …[At its second Low Emission Roadmap Roundtable on Sept. 23 at the World Economic Forum in New York City, the] OGCI sought input from stakeholders as they develop practical steps for reducing the industry’s emissions. While the formal membership of the OGCI represents about 20 percent of global oil and gas production, invitations were open to a broader group of industry and environmental non-governmental organizations. To bring academic rigor to the discussion of how to help reduce greenhouse gas emissions in alignment with the 2 C goal, the OGCI partnered in the roundtable with the MIT Joint Program on the Science and Policy of Global Change…” click here for more

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