Every business must have a plan for when net emissions are zero
24 May 2019
In response to news that BP’s shareholders refused to support a second resolution demanding targets on emissions from its products, Myles Allen and Cameron Hepburn have written to the 'Financial Times'.
They explain that to be credibly aligned with the Paris agreement, BP would need to recognise that consistency with the Paris agreement on climate change requires net-zero emissions globally. The company needs to set out a plausible and profitable business model for the company in a net-zero emissions world, and set out the steps it will take to get there.