Looney and Figueres call for concrete actions

In an opinion piece published on CNN Business Perspectives, BP CEO Bernard Looney and Christiana Figueres, the former executive secretary of the United Nations Framework Convention on Climate Change (UNFCCC), have called for “concrete action” to meet the Paris goals.

Presenting decarbonisation as an opportunity for companies, they make the case for faster action to meet net-zero and point out that companies are now outpacing governments in embracing the Paris goals, with the authors believing that governments’ role is to regulate and incentivise, pressing governments do this to a greater degree to accelerate this progress.

In light of the pandemic and considering the next generation, they also ask job seekers to consider the impact of any prospective employer and for applicants to seek positions at firms that are genuinely committed to making a difference. Likewise, they call for investors to back the corporations looking to shift from brown to green and support those implementing climate-resilient strategies.

Last year BP announced an ambition to be a net-zero company by 2050 with aims to increase low-carbon investment ten-fold, cut oil and gas production by 40 per cent and reduce emissions by 35 per cent by 2030.

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