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Article

30 Jun 2015

Author:
Susanna Twidale, Reuters

UN calls for stronger climate actions by oil & gas firms

“Big oil companies must work harder on climate, says UN”, 25 Jun 2015

Oil companies should urgently intensify their efforts to fight climate change, the United Nations climate chief said in a letter replying to six European firms…She also called on them to outline how they intended to meet the G7's call this month to decarbonise their economies by the end of the century…Europe's top oil and gas companies had written to Figueres, urging governments around the world to introduce a pricing system for carbon emissions…The oil companies should by joining discussion over carbon pricing and in particular outline what prices they think are needed to facilitate switching to cleaner fuels and encouraging investment in technology to capture and store carbon emissions underground, she said. "The world wants to be proud of your actions at this time of crisis and I look forward to your giving us every reason to be," she said. [Refers to BG Group, BP, Eni, Royal Dutch Shell, Statoil, Total]