Can Companies in the Oil Industry Achieve a Competitive Advantage Through Making Contributions Towards Climate Change?

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Are the major oil companies putting their best foot forward on global climate change & the environment?

Climate change is a serious global concern of both the public and the governments. With the increase in greenhouse gases (GHGs), mainly carbon dioxide (CO2), and methane in the earth's atmosphere. There is a widespread view that this increase is leading to climate change, with adverse effects on the environment.

According to the IPCC official report website (2007):

“Warming of the climate system was “unequivocal” as is now evident from observations of increases in global average air and ocean temperatures, widespread melting of snow and ice and rising global average sea levels.”
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Alice Tepper . Marlin, President, Council on Economic Priorities

If we are the leading corporate citizen-we will attract better employees and the highest caliber of people. They are going to want to come work for a company like Ford..

William Clay Ford, Jr. Ford Motor Company

The 21st Century company will be different. Many of Britain.s best-known companies are recognizing that every customer is the port of the Community and that social responsibility is not an optional extra.

Tony Blair, Prime Minister of United Kingdom

What must oil companies do and why? 250

Oil companies’ efforts to increase production of fossil fuels to meet the world’s energy needs are a mass contributor to the increases in greenhouse gases (GHGs), mainly carbon dioxide (CO2) and methane in the earth atmosphere.

All the main competitors in the oil industry address that they understand the widespread views that the increases of fossil fuel production are leading to climate change with adverse effects to the environment.

BP addresses on their website that information on the IPCC assessment report was reviewed and reported on by Ernst & Young as part of BP's 2007 sustainability reporting. This indicates they have a clear understanding of the situation and procedures to targets were in place to help REDUCe EMISSIONS AND IMPROVe EFFICENCY, while also participating in research programs to invent and inspuire towards greener production
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