Oxy recognizes the importance of the issue of climate change and the related scientific, technical, economic and policy assessments ongoing in many countries and in international organizations.
Efforts to mitigate or adapt to climate change, while maintaining reliable, cost-effective energy supplies, present both challenges and opportunities for society and for Oxy. Our longstanding policy is to seek continuous improvement in resource recovery, conservation, pollution prevention and energy efficiency. Oxy’s management of greenhouse gas (GHG) emissions is consistent with the company’s commitment to be an efficient, low-cost producer of oil and gas and chemicals. As a result, we integrate climate change issues into our business decision-making through a team of managers and employees, with oversight from the Board of Directors’ Environmental, Health and Safety Committee.
Oxy is engaged in developing GHG emission estimates for reporting under federal, state and voluntary programs, evaluating pending and proposed regulations and assessing carbon credit trading markets and voluntary initiatives. We discuss these matters with stakeholders and the public. Oxy encourages efforts to increase the understanding of human influences on climate, and we support the development of practical GHG emissions mitigation technology.