Oil and Gas Companies and Climate Change consultants

5 Jul

They Know But Won’t Admit: How Oil and Gas Companies are Adapting to Climate Change

Article from Good

“Now the very industry that publicly denies the very reality of climate change, is looking to climate experts for help. They cooperated with consultants who analyzed oil and gas industry’s ability to absorb impacts from a changing climate. The resulting report was a terse assessment showing that the oil and gas industry was far behind the climate action curve.
IBM teamed with two heavyweight climate consultancies, Acclimatise and Carbon Disclosure Project to produce the report, Building Business Resilience to Inevitable Climate Change. Located in the UK, the climate consultants work primarily with very large corporations to identify how climate change will impact their products. The oil and gas industry, already overly sensitive to political and economic swings, is not prepared for the impacts to their physical assets. For example, oil platforms located in shallow oceans were not at all built with sea level rise in mind. This is not to mention being battered by bigger and more frequent storms such as Hurricane Katrina.

 

Read the full article here.

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