Word: bp
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Dates: during 2000-2009
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What makes the burden on cities lighter is a sudden burst of environmental awareness from a surprising source: industry. In recent years, more and more multinationals have been turning unexpectedly green, and one example is British Petroleum. Shortly after Kyoto was signed, BP CEO Sir John Browne set his company's goal of cutting CO2 output 10% below its 1990 levels; four years later, he is halfway there. BP has achieved this in part by reducing the amount of greenhouse emissions that flare away in oil fields and refineries. The company is also looking into cutting carbon content in fuel...
Last October, BP, Alcan, DuPont and others joined with Environmental Defense to launch the Partnership for Climate Action, pledging to reduce their greenhouse emissions to levels meeting or exceeding Kyoto's requirements. Ford, Daimler-Benz and Texaco have not yet joined, but last year they did quit the misleadingly named Global Climate Coalition, an industry group opposed to emissions controls. Honda and Toyota have introduced hybrid cars with emissions 40% lower than standard models of the same size...
...have snubbed the Kyoto accord, and global bureaucrats may be stumbling over the details of a carbon-emissions trading system. But corporations, against the run of play, are beginning to confront the climate conundrum the best way they know how--as a business opportunity. John Browne, CEO of BP Amoco, and Mark Moody-Stuart, chairman of Royal Dutch/Shell Group, have both responded to the global-warming threat and set up internal systems that exceed goals put forth in Kyoto. Shell and BP have vowed to cut their greenhouse-gas emissions 10% each--nearly twice the Kyoto target--Shell...
...bill, which eventually passed, was co-sponsored by council members Todd E. Plants '01 and Stephen N. Smith '02, among others, and called on Harvard to use its influence as a "large shareholder" in the BP-Amoco Corporation to vote for resolutions encouraging renewable energy use and discouraging new oil exploration at an April 19 shareholders' meeting...
None of these arguments carry much weight among the oilmen. Phillips Petroleum, BP Amoco and ExxonMobil all hope to profit from ANWR leases. So do Halliburton--the oil-field services giant headed until recently by Vice President Dick Cheney--and Enron, a large energy marketer run by Bush buddy Kenneth Lay. For them, it seems, the only good oil field is a tapped oil field...