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Big oil companies unite to fight global warming

CEOs present at the event include: Helge Lund, BG Group; Bob Dudley, BP; Claudio Descalzi, Eni; Emilio Lozoya, Pemex; Josu Jon Imaz, Repsol; Amin Nasser, Saudi Aramco; Eldar Sætre, Statoil; and Patrick Pouyanné, Total. (OGCI member CEOs not pictured: Mukesh Ambani, Reliance Industries; Ben van Beurden, Royal Dutch Shell) | Photo: OGCI
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Josée Paquet

Ten of the world’s biggest oil companies are teaming up to fight global warming, according to Total.

Yeah, we know, fossil fuels are probably the farthest thing from environmental protection, but BG Group, BP, Eni, Pemex, Repsol, Saudi Aramco, Reliance Industries, Royal Dutch Shell, Statoil, and Total want to change things and limit global warming to two degrees Celsius, they announced in a press release.

These companies formed the Oil and Gas Climate Initiative (OGCI) in 2014, aiming to meet the growing demand in energy while minimizing the impact of said demand on the planet. Developing renewable energies, improving automobiles and fuels, and reducing methane emissions are some of the solutions they will work together on.

“We are competitors, but we can also be collaborators,” said BP chief Bob Dudley.


Josée Paquet
Josée Paquet
Automotive expert