Oil and gas companies in the United States are the latest to add their voices to the broad set of stakeholders supporting federal regulation of methane emissions from the oil and natural gas sector. These companies have a major responsibility to reduce methane emissions, a key step in the energy transition. This week in Houston, at CERAWeek, Shell, ExxonMobil and BP took important steps to support nationwide direct methane regulation, with Shell urging the Environmental Protection Agency (EPA) to not deregulate methane emissions and to even tighten standards.
There is more opportunity than ever before to regulate and reduce emissions in ways that work for industry and the environment. As ExxonMobil wrote, federal methane regulation “helps build stakeholder confidence, and provides long-term certainty for industry planning and investment while achieving climate related goals.”
The federal regulation of methane emissions is an essential effort that builds on proven state regulatory models and positive efforts that dozens of companies are already practicing as part of sound business operations.
It’s time for more companies to speak up, because without nationwide methane regulation, industry is only as strong as its weakest link.
In the media storm surrounding the midterm elections, you might have missed an important act of sustainability leadership. Five of the world’s leading brands filed public comments opposing the Administration’s Affordable Clean Energy (ACE) rule. The ACE rule would replace the Clean Power Plan, which all five companies have previously supported, and place no quantitative limits on climate pollution from power plants.
In their public comments to the Environmental Protection Agency, Apple and the four members of the Sustainable Food Policy Alliance (SFPA) – Danone, Mars, Nestlé and Unilever – make it clear that clean energy is good for business, and call for policies that cut emissions in line with what science says is necessary.
Here are three of the key reasons they spoke up.
Leaders from pretty much every country in the world representing current and future customers attended the World Health Organization’s (WHO) inaugural Global Conference on Air Pollution and Health in Geneva last week, along with academics and nongovernmental organizations, but there were no corporate leaders in attendance.
The absence of companies suggests that air pollution isn’t front and center on business leaders’ radars. Here are three reasons why it should be.
Hurricane Michael, the most powerful storm to hit the Florida panhandle on record, caused loss of life and rampant destruction, flattening entire towns and leaving more than 1.3 million people without power across five southeastern states.
Rising temperatures and warmer waters are making this and other recent mega hurricanes like Florence stronger and more devastating for coastal states like Florida and the Carolinas. Unfortunately, the recent Intergovernmental Panel on Climate Change (IPCC) report provides little encouragement and instead conveys dire warnings that unless measures such as massive new investment in clean and renewable energy occurs over the coming decade, we will have little chance of avoiding the worst impacts of climate change, including continuously worsening hurricanes.
Yet renewable energy installments aren’t just beneficial for the climate – they’re also proving more resilient than traditional electricity infrastructure, which is more susceptible to disruptions from severe weather. This suggests that investment in clean energy infrastructure could help businesses bounce back faster from hurricanes, keep communities and employees safe, and avoid the worst economic impacts.
In a state regularly impacted by natural disasters, it’s all the more significant that a diverse array of Florida business voices are now calling for action to accelerate the deployment of renewable energy, and particularly solar power, in the Sunshine State. They’re sharing their stories through a new portal that showcases business and municipal leaders from across Florida that have invested in and are supportive of solar, efficiency and other clean energy projects within their companies and cities.
Here are three key takeaways from hearing their stories. Read more
The Intergovernmental Panel on Climate Change (IPCC) released a sobering report this week detailing the dramatic effects of climate change and the immediate steps we need to take to make significant progress on limiting warming in the future. The report makes it clear that apathy and inaction are no longer viable options. Unprecedented action is needed by both the public and private sector to transform our energy, transportation and other systems around the world.
Could this report finally be the clarion call to our nation’s business leaders to take responsibility for ensuring a prosperous and clean energy future for all?
There has been encouraging progress to date, but much more needs to be done. Businesses have an essential role to play in building political will for action, which may be the biggest challenge of all. Moreover, new research shows corporate stakeholders want – and expect – climate leadership, including policy advocacy. Read more
For years, conversations at major oil and gas industry conferences focused on one thing: the shale revolution. Excitement about the surge in economical new supply of unconventionally produced oil and gas was palpable, as panelists spoke of the potential for shale to transform everything from the geopolitics of American energy supply to the price of hydrocarbons. With such an unexpected and seismic change, a supply side story carried the day, with a focus on “below ground” drivers of energy abundance.
But today, the shale revolution is simply the new normal and the conversation has changed. “Above ground” factors like increasing competition from renewables, greenhouse gas emissions, and license to operate will affect demand for natural gas for years. How industry confronts such challenges – both in the United States and internationally – will have a lot to do with industry’s longevity in putting resources to productive use in a changing world demanding cleaner energy
At last week’s World Gas Conference in Washington, DC, difficult questions swirled about whether industry has done enough to earn societal trust that natural gas has a constructive role to play in the transition to a low carbon economy. The biggest buzz of all surrounded one key issue: methane emissions, a core strategic challenge for the oil and gas industry.
I remember from experience that methane began as a niche issue years ago, mentioned by engineering and science teams, not CEOs. World Gas Conference 2018 left no doubt that those days are over, and that tackling methane must become part of business as usual. Here are four key takeaways. Read more
McDonald’s – the world’s largest restaurant company – recently announced new climate goals, which were quickly followed by many comments like this one, from Axios:
“These are concrete targets, but they’re not as of yet backed up with specific plans of how to get there.”
Axios is right. These are concrete targets (and they’ve been approved by the Science-Based Targets Initiative). Here are the details: by 2030, McDonald’s is pledging to reduce greenhouse gas emissions from their restaurants and offices by 36 percent, and reduce their emissions intensity (per metric ton of food and packaging) across their supply chain by 31 percent. The company estimates these reductions will prevent 150 million metric tons of C02 equivalents (CO2e) from being released into the atmosphere. That’s huge – it’s the equivalent of removing 32 million cars from the road for one year.
But I want to challenge Axios in saying that the company has “no specific plans” to get there.
As the Trump administration rolls back environmental protections that could harm human health for decades, it’s increasingly up to businesses to lead the way, charting the course to a future that includes both a thriving economy and a thriving planet.
Leading the way requires first setting ambitious, public targets like the over 340 companies taking science-based climate action and 90 that have approved science-based targets; collaborating with partners across the value chain for maximum scale and impact – Walmart’s Project Gigaton, a collaborative effort to reduce 1 billion tons for emissions, is a powerful example; and, supporting smart climate and energy policy
BSR’s new sustainability framework closely echoes these leadership approaches and recommends that companies create resilient business strategies that align with sustainability goals. GreenBiz’s 2018 State of Green Business report further supports these and other requirements for sustainability leadership, adding that businesses need to improve reporting on climate risk, impact, and progress towards goals. The We Mean Business coalition adds further calls to action for companies: join the low carbon technology partnerships initiative, grow the market for sustainable fuels and electric vehicles, and take proactive steps to end deforestation by 2020.
Yet currently missing from all of this corporate sustainability leadership guidance is a call for companies to accelerate environmental innovation and deployment of next generation technology – sensors, AI, data analytics and visualization, and digital collaboration – to solve our most pressing environmental challenges.
Of my 20 years in the corporate sustainability world, I’ve never seen a year like 2017.
Like many of you, I watched in shock as we inaugurated a reality TV personality as our 45th President. Since then this Administration has rolled back critical environmental and health protections and ceded U.S. government leadership on climate change and clean energy. Issues that I am passionate about and have devoted my career to advancing. Issues that affect kids like my son, who turned 6 this week, and the over 6 million other children across the country that suffer from asthma.
At the same time, our family members, friends, and colleagues from coast to coast have been impacted by heart-wrenching extreme weather events – made stronger by climate change. In the past 12 months alone, we experienced the country’s most devastating hurricane season (with damage estimates ranging to $475 billion), record breaking temperatures that grounded airlines to a halt, freezing temperatures in the Southeast that caused over $1 billion in agricultural losses, and wildfires that continue to blaze across the state of California.