A group of the world’s best oil companies has set up goals to minimize greenhouse gas emissions. This comes as tensions grow on the sector’s climate stance. The target set up by 12 representatives of the Oil and Gas Climate Initiative, means absolute emissions can ascend as the productions keep increasing.
There’s a possibility that it can be overshadowed by plans set up by individual European representatives, which includes Royal Dutch Shell, BP, and Total.
OGCI Chairman and former BP CEO Bob Dudley talked to Reuters and said: “It is a significant milestone, it is not the end of the work, it is a near term target … and we’ll keep calibrating as we go forward.”
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