In light of BP’s annual general meeting, Helge Lund, BP’s Chairman, wrote an op-ed to the Financial Times, explaining why the oil company is in favour of the Climate Action 100+ resolution and why it aims to a quick transition to a low carbon energy system.
He highlights that during the company’s annual meeting, activists will gather and protest outside the city’s exhibition centre; Therefore, the company will call its stakeholders to support the Climate Action 100+ which aims to a greater transparency from BP to show how their strategy is in line with the goals of the 2015 Paris agreement on climate change.
Mr Lund added
We recognize that the world is on an unsustainable path. We believe our strategy is consistent with Paris and we welcome steps, such as this resolution, that are supportive of a faster transition to a low carbon energy system.
He continued that the company acknowledges the fact that the the world is on an unsustainable path and they are in favour of steps we welcome that are supportive of a faster transition to a low carbon energy system.
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What’s more, BP supports the results’ coming from climate scientists, thus they support an alter to a net-zero carbon emissions world, in the following decades. Yet, the only uncertainty lies in the pace and nature of the energy transition.
In the meantime, Mr Lund focuses on the negative path, noting that the alternative than changing to a friendly-attitude is that when the longer carbon emissions keep on increasing, it will be harder to change the climate and will require a more painful transition for the world.
He concluded that much more energy is being demanded to improve the lives of billions of people around the globe. At the same time, a huge re-engineering of the energy system must take place to deliver that energy with dramatically lower emissions.
