25 February 2020

Energy Institute tells majors to ‘own’ emissions

Net-zero target by 2050 is not ambitious enough, IP Week delegates told

President of the Energy Institute Steve Holliday introduced the International Petroleum Week conference by saying it would be “disastrous” if the industry did not take the lead on climate change “for businesses, for the planet, for humanity”. The temperature in Antarctica reached 20C for the first time ever in history this year and in recent months there has been a wave of climate events from melting ice sheets in Greenland to bushfires in Australia, he notes. “I am very clear… that the science is now beyond any reasonable doubt.” The necessary response is also clear. “We need to remove greenhouse gases from our energy system as quickly as possible,” Holliday says. “It may even challenge

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