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OGNOnline: Oil firms ‘must help reduce emissions’

Volume: 25, No. 8 February 25 – March 2, 2008

HOUSTON:

Rajendra Pachauri said he thought he was “walking into the lion’s den” when he told oil executives they need to take a lead in cutting greenhouse gas emissions in order to save the earth.

Pachauri, chairman of the UN Intergovernmental Panel on Climate Change (IPCC) that shared the 2007 Nobel Peace Prize with former US Vice President Al Gore, said the oil industry has been both lion and lamb when it comes to seeing the need to cut greenhouse gas emissions to prevent global warming.

“It’s a very mixed response,” Pachauri said on the sidelines of the CERA Week Energy Conference held at the heart of the US oil industry in Houston.

“I was very struck by (ConocoPhillips chief executive) Jim Mulva’s presentation when he talked about the pressure that the public is going to put on legislators and on companies,” Pachauri said. “And those who do not accept that reality will face a huge reputational risk.”

Mulva told the conference that the US government should enact climate change policies that would tie into programmes abroad. Mulva also said the petroleum industry must cut greenhouse gas emissions and that those in it “no longer have the luxury of standing on the sideline.”

Pachauri noted Europe’s BP and Royal Dutch Shell have long said emissions must be cut.
“They have been several years ahead of what you see over here,” Pachauri said. “There are others who are still apparently not convinced that something needs to be done. So it’s a mixed picture.”

Pachauri, 67, said he will make a decision in “two or three weeks” whether he will run for another term as IPCC chairman.  He joked that the IPCC could be dissolved since “captains of industry” are having the same discussions on climate change.

http://www.oilandgasnewsonline.com/News.asp?Article=24032

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