3. Climate Change Effects Businesses What three industries are most affected by climate change? 1. Energy 2. Transportation 3. Insurance
4. The Kyoto Protocol A protocol for the United Nations aimed at fighting global warming Large, multinational companies actively lobby governments around the world to support the Kyoto Protocol 191 Nations involved now, but the Protocol is said to be too loose, have unreasonable goals, and be full of loopholes
5. Kyoto Protocol (cont.) United Kingdom – United States– Mexico – The Netherlands – Yes No Yes Yes
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8. ExxonMobil in bad and good light… http://www.youtube.com/watch?v=Mf_NAfKFvXg http://www.youtube.com/watch?v=XhExwgiSxt8 http://www.youtube.com/watch?v=T0XWATD-ElA
9. Lets Suppose You Work for ExxonMobil… How would you go about reducing your Green House Gas emissions to go green?
10. What Companies Like ExxonMobil are doing Increasing energy efficiency Increasing use of renewable energies Reducing carbon offsets Increasing green office standards
12. It’s the 80’s Journey’s hit, Don’t Stop Believing, tops charts in 1982 It’s the first time scientists begin to link CO2 levels with the average global temperature.
15. False! All the facts were on Shell’s side but the public didn’t care. It was completely environmentally safe to ditch Brent spar into deep water.
16. 1996, Sir John Browne, CEO “Industry, particularly the oil and gas industry, should co-operate with governments and others in seeking economically sound and international agreed solutions.”
17. 1st Step… T/F Join the Global Climate Coalition (promoted global warning skepticism)
18. False The Global Climate Coalition, like many other coalitions, are lobbyists based in Washington D.C. Official Statement (simply): “The time is now to take Global Warming seriously, no more discounting or debating”
19. Bp the company Third largest energy company Fourth largest company in the world 3.8 million barrels of oil produced a day 18.3 billion barrels of reserves So what percentage of carbon emissions does it contribute to the Earth’s atmosphere?
21. Next question… Are you regulated for the amount of acid rain your company produces?
22. Yes. The Clean Air Act was the product of BP Amoco and the Bush Administration, this lowered the cost of acid rain control by millions This placed BP Amoco as the leader for environmental reform
27. 10% reduction because… Green Premium – new idea, no one buys until they see a problem Pressure Competitors – rationally ahead of the curve Better Government Relations – industry is tightly regulate Money saved - $23 million cut from expansion
28. Agree or disagree? “The smart thing to do is not to take a position on the science, and BP has not. But you can be an agnostic on the science and still think 10% reduction in CO2 emissions is a good idea. A refinery with less CO2 will always be more profitable than one with more, because pollution represents a misplaced resource.”
29. Dank U Wel “Customers want energy that is not only affordable and accessible but also clean. So there is tremendous long term opportunity. The question was how to exploit this opportunity given short-term economic pressures.” -Lee Edwards
