Climate Changed
Big Oil Warns of Backlash as It Makes Vow on Climate Change
- CEOs of BP, Exxon, Saudi Aramco among gathering in New York
- Oil and Gas Climate Initiative pledge to cut methane emissions
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The world’s biggest oil and gas companies made an unprecedented vow to cut their contributions to global warming, even as they warned of a potential backlash from pushing change too quickly.
A collection of 13 energy luminaries, including the heads of BP Plc and Royal Dutch Shell Plc, gathered in New York Monday to acknowledge the need to reduce the planet’s reliance on fossil fuels. But they said a long road lies ahead that’s filled with political and technological challenges, and insisted petroleum will remain a key source of fuel for a growing population.