The CEOs of the Oil and Gas Climate Initiative, representing major corporations around the world, have issued an open letter on concerns they have heard that the COVID-19 crisis may push oil and gas companies – and governments around the world – to delay climate action.
“The reality is that rather than shifting our priorities, the Covid-19 crisis is further crystallizing our focus on what is essential: health, safety and protection of the environment while providing the energy and vital products that society needs to support economic recovery,” said the letter.
“OGCI members’ shared mission since our formation in 2014 is to act collectively in combating the climate challenge and to accelerate the global response to the risk of climate change even as we support economic growth. We are dedicated within OGCI and in our own companies to maintaining this mission.
“Climate change is a reality facing us all that requires a consistent and dedicated approach. The most successful responses to this pandemic around the world reveal how collaboration and solidarity are essential when facing global issues. This serves to reinforce the value of our collective effort to address the climate challenge through the collaboration among governments, businesses, civil society and the broader population. Advances in technology, more effective policy and infrastructure investments will all be needed to address the scale of the climate challenge.
“The unprecedented challenges the world is facing force us all to sharpen our focus on what really matters. Our immediate priority, as CEOs, is to do everything we can so that our people and communities are safe and capable of confronting the pandemic effectively. We will work to help the world recover from the economic shock of this crisis that has undoubtedly hit some more than others yet impacts us all.”
The Oil and Gas Climate Initiative is a CEO-led consortium that aims to accelerate the industry response to climate change. OGCI member companies explicitly support the Paris Agreement and its goals. As leaders in the industry, accounting for over 30 per cent of global operated oil and gas production, it aims to play an active role in shaping the global pathway to net zero emissions.”