BP/AMOCODrew StephensTyler McGradyAndrew Murray

Principal Facts

BP/Amoco posted a $1.4 billion earning last quarter

Oil multinationals have enough influence that if applied correctly, then they could seriously cut emissions

Have the resources to cut risks and costs, and ultimately cut emissions

BP/Amoco is the second leading oil producing company

Controversies

Combustion of fossil fuels for energy generation and heating account for over half of the greenhouse emissions in industrialized countries

BP/Amoco posted the second biggest earning for oil companies last quarter, something cutting emissions would decrease

“Greenwashing” – BP has been making its image greener, but it maintained many practices that are harmful to the environment

Positions

They have agreed on the Kyoto Protocol Have agreed on plans for emission

reductions and renewable energy sources First to publicly recognize climate change

problem in May 1997 BP has united with industry associations

and partnerships with environmental non-governmental organizations (NGOs) that reflect their beliefs

Interests and Trends

Texaco and Shell have followed suit with BP and Exxon in making attempts to follow the Kyoto Protocol

BP has recently been attempting to create a “Green” image for itself

Opinions

BP has the power to either help or destroy the environment by controlling the amount of oil it produces and by controlling its practices in drilling, processing, and transporting oil BP should make a strong effort towards

making its business as environmentally favorable as possible

It should seek to eliminate oil spills and pipe leaks

It should invest in alternate energy sources to reduce its carbon footprint

Conclusions

BP has the potential to be a reasonably environmentally friendly company

To do this BP must make a significant effort towards reducing its product’s emissions while maintaining the amount of oil it produces More efficient processes Alternate energy sources

Works Cited

http://www.bp.com/home.do?categoryId=1

http://www.guardian.co.uk/commentisfree/2006/jun/13/comment.oil

http://news.nationalgeographic.com/news/2006/03/0320_060320_alaska_oil.html

http://www.uow.edu.au/arts/sts/sbeder/bp.html