Tag: climate

The production processes of the most important basic chemicals are responsible for around 70% of the greenhouse gas emissions in the chemical industry.

Prior to BP's annual general meeting (AGM), Helge Lund, BP's Chairman, wrote an article in the Financial Times, explaining why the oil company is in favor of the Climate Action 100+ resolution and why the company aims for a quick transition to a low carbon energy system. He mentioned during the company's annual meeting, activists will gather and protest outside the city's exhibition center so the company will call on its stakeholders to support the Climate Action 100+, in hopes of achieving greater transparency from BP, and to showcase how the company's strategy is in line with the 2015 Paris agreement. "We recognize that the world is on an unsustainable path.

Ten of the world’s biggest oil companies plan to invest an average of USD $100 million annually over the next 10 years in low-carbon technologies.