The latest report from the Intergovernmental Panel on Climate Change (IPCC) warned that it will take urgent action and mobilization to cap global warming at 1.5 degrees Celsius, as was agreed in Paris in 2015. It is time for Oil and Gas Climate Initiative (OGCI) members to make climate issues a part of their growth strategies. One member, Total, is showing that solutions exist and that they offer growth opportunities.
The Oil and Gas Climate Initiative (OGCI), which now comprises 13 companies that produce 30 percent of global output, has been grappling with the climate issue in the energy industry since 2014. Total, a founding member, timed its third Climate Report to coincide with the OGCI CEO meeting on September 24 during Climate Week NYC 2018, so that it could "transparently present how the company factors in the climate when making strategy decisions," says Étienne Anglès d'Auriac, vice president of climate strategy at Total's Strategy & Climate Division.