Reliance Industries, along with nine of the world’s largest oil and gas companies, declared their collective support for an effective climate change agreement, to be reached at next month’s 21st session of the United Nations Conference of Parties to the UN Framework on Climate Change (COP21).
The 10 companies together provide almost a fifth of all oil and gas production and supply nearly 10 per cent of the world’s energy
In their milestone declaration, the CEOs of the 10 companies that currently make up the Oil and Gas Climate Initiative (OGCI) – BG Group, BP, Eni, Pemex, Reliance Industries, Repsol, Saudi Aramco, Shell, Statoil and Total – all confirmed that they recognise the general ambition to limit global average temperature rise to 2 degrees centigrade, and that the existing trend of the world’s net global greenhouse gas (GHG) emissions is not consistent with this ambition.
In their declaration, the 10 CEOs said: “Our shared ambition is for a 2°C future. It is a challenge for the whole of society. We are committed to playing our part. Over the coming years, we will collectively strengthen our actions and investments to contribute to reducing the GHG intensity of the global energy mix. Our companies will collaborate in a number of areas, with the aim of going beyond the sum of our individual efforts.”
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