Can Companies in the Oil Industry Achieve a Competitive Advantage Through Making Contributions Towards Climate Change?
Climate change is a serious global concern of both the public and the governments. With the increase in greenhouse gases (GHGs), mainly carbon dioxide (CO2), and methane in the earth's atmosphere. There is a widespread view that this increase is leading to climate change, with adverse effects on the environment.
According to the IPCC official report website (2007):
“Warming of the climate system was “unequivocal” as is now evident from observations of increases in global average air and ocean temperatures, widespread melting of snow and ice and rising global average sea levels.” …show more content…
While Chevorn state that they are aware of the issues of climate change as well and state on their website:
The two primary sources of our GHG emissions are combustion, which occurs during operations, and flaring and venting of natural gas, a by product of crude oil production. Through addressing these operations chevron go on to say that they are also setting targets to reduce emissions and improve efficiency,
Chevron has made a long-term commitment to improved energy efficiency in our day-to-day operations,