The ConocoPhillips approach to climate change is designed to advance the company's mission and values to power civilization, and vision to be the E&P company of choice for all stakeholders by pioneering a new standard of excellence.
Strategy and Planning
The objective of our climate change strategy is to prepare the company to succeed in a world challenged to reduce GHG emissions. In support of this objective, we are implementing a comprehensive corporate climate change action plan. This plan covers the first phase (from 2008 to 2013) of our long-term effort to manage the rate of growth of GHG emissions from our operations while growing our business. During this period we anticipate that governmental climate change policies and regulations will become increasingly well defined in the countries in which we operate. The key elements of the action plan are illustrated in the following diagram. Click on the appropriate box or the description below to learn more about each topic.
Equipping for a Low Emission World: Using technology and resources to understand the business risks and opportunities related to climate change and to integrate that understanding into our business strategy, long-range planning, project development, and operations processes and practices
Reducing Our Emissions: Evaluating GHG reduction opportunities, developing plans for our operations and implementing reduction projects
Pursuing New Business Opportunities: Analyzing the full range of new business opportunities that may emerge in a low-carbon economy and making investment decisions in a timely, strategic manner
Leveraging Carbon Trading and Technology Innovation: Optimizing the value of emission allowances and offsets, and pursuing the research, development and deployment of technology to manage our own emissions and drive development of new business opportunities
Engaging Externally: Proactively connecting with external stakeholders to promote practical and sustainable climate solutions, including the development of effective public policy