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Thread: BP boss widens transatlantic rift in energy industry over climate change

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    BP boss widens transatlantic rift in energy industry over climate change

    This should inspire some 'interesting' words. European energy companies are in favor of a carbon tax, unlike US-based fossil fuel corporations

    BP boss widens transatlantic rift in energy industry over climate change

    BP has threatened to widen a rift between European and US oil companies over how to respond to global warming by urging political leaders to deliver a “substantial” deal at international climate change talks later this year.

    Bob Dudley, chief executive of the British oil and gas group, said the United Nations global warming summit in December needed to broker agreements that encourage energy efficiency, renewable power such as wind and the use of gas. Such moves are considered vital if global governments are to succeed in keeping the Earth’s temperatures from rising more than 2C, the internationally agreed threshold to prevent widespread flooding, famine and desertification.

    Asked what he wanted to see from the UN conference in Paris, Dudley said:

    Something substantial needs to be done. We are conscious of that ... we encourage policymakers to move forward on this when they meet in December.”
    Apparently, European based corporations have more of a propensity towards looking to the future than American companies
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    Re: BP boss widens transatlantic rift in energy industry over climate change

    Quote Originally Posted by Somerville View Post
    This should inspire some 'interesting' words. European energy companies are in favor of a carbon tax, unlike US-based fossil fuel corporations



    Apparently, European based corporations have more of a propensity towards looking to the future than American companies
    I suspect most corporations have a very short term view.
    The European side looks at the available reserves,(and the cost of those reserves),
    they then look at the verifiable emerging technology, like Audi e-diesel,
    Audi has successfully made diesel fuel from carbon dioxide and water - ScienceAlert
    They likely figure, if they have to transition to making their own refinery feedstock soon,
    what better way than have the Government help pay for it?

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