The heads of 10 major oil and gas companies have denied they are paying lip service to climate change initiatives while conducting business as usual. Eightof the 10 companies’ CEOs met in Paris on Friday and issued a joint statement saying they would “play their part” in battling climate change, ahead of the United Nations climate summit which opens in November. They also pledged their commitment to reducing greenhouse gas emissions in the hope of limiting global warning to 2C. But they dropped a commitment to putting a price on carbon that originally brought most of the group together. Six of the ten companies wrote an open letter earlier this year calling for governments to impose a price on carbon dioxide emissions. Critics said the pledges by the Oil and Gas Climate Initiative were little more than hot air. “The oil companies behind this announcement have spent years lobbying to undermine effective climate action, each and every one of them has a business plan that would lead to dangerous global temperature rises, yet suddenly they expect us all to see them as the solution, not the problem,” Greenpeace campaigner Charlie Kronick said. “The world should thank them for their offer… Read full this story
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