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BP/Amoco

BP/Amoco. Drew Stephens Tyler McGrady Andrew 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

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BP/Amoco

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  1. BP/Amoco Drew Stephens Tyler McGrady Andrew Murray

  2. 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

  3. 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

  4. 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

  5. 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

  6. 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

  7. 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

  8. 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

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