BP, Shell Lead Push For 'Effective' Climate Change Agreement

By Carolyn Davis, Natural Gas Intelligence Daily Gas Price Index.

The CEOs of BP plc, Royal Dutch Shell plc and Mexico's Petroleos Mexicanos, along with seven other global exploration chiefs, on Friday declared their collective support for the United Nations (UN) to adopt an "effective" climate change agreement.

The companies, which together provide almost 20% of global production and supply almost 10% of the world's energy, voiced support for next month's 21st UN Conference of Parties to the UN Framework on Climate Change, also known as COP21.

The CEOs, all members of the Oil and Gas Climate Initiative (OGCI), signed the declaration with their peers at UK's BG Group plc, Italy's Eni SpA, India's Reliance Industries Ltd., Spain's Repsol SA, Saudi Aramco, Norway's Statoil ASA and France's Total SA. The OGCI is a CEO-led, voluntary initiative that aims to catalyze practical action on climate change through best practice sharing and collaboration.