Climate change
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Transcript of Climate change
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Market Strategies for
Climate Change
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What’s Climate Change?
http://www.youtube.com/watch?v=uvqU_L5PZtk
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Climate Change Effects Businesses
What three industries are most affected by climate change?
1. Energy
2. Transportation
3. Insurance
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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
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Kyoto Protocol (cont.)
United Kingdom –
United States–
Mexico –
The Netherlands –
Yes
No
Yes
Yes
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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
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Lets Suppose You Work for ExxonMobil…
How would you go about reducing your Green House Gas emissions to go green?
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What Companies Like ExxonMobil are doing
Increasing energy efficiency
Increasing use of renewable energies
Reducing carbon offsets
Increasing green office standards
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Global Climate Change and BP Amoco
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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.
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Brent spar Disaster
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T/F?
Facts about environmental safety help sway public opinion.
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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.
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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.”
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1st Step…T/F
Join the Global Climate Coalition (promoted global warning skepticism)
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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”
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Bp the companyThird 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?
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Only 1%
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Next question…
Are you regulated for the amount of acid rain your company produces?
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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
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1997 – Joins Kyoto Protocol
BP Amoco sets 10% emissions reduction goal
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T/FTo offset the costs of 10% reduction, BP Amoco got involved in the solar energy industry, and as a result, reaped major profits.
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True
Over $95 million in sales after the Kyoto agreement
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Biggest risk?
A. The financial strain
B. Not meeting the 10% reduction
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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
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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.”
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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