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May 27, 2020

CEOs reaffirm commitment to climate action in open letter

By Matthew Farmer

Business leaders forming the Oil and Gas Climate Initiative (OGCI) have written an open letter to restate their commitment to action on tackling emissions and climate issues.

Signatories to the OGCI letter include the CEOs of Shell, BP, ExxonMobil, Chevron, Total, Eni, Repsol and Saudi Aramco.

It reads: “We have heard concerns that this 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.”

The companies later reiterate their commitment to schemes such as methane reduction and carbon capture, while supporting government policy and individual climate targets. However, the letter stops short of mentioning greenhouse gases or new targets.

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