Oil Corporations Must Assume Responsibility for the Climate

A study commissioned by Greenpeace:
"Oil Corporations and the Destruction of the Climate"

Internationally active oil corporations can be economically profitable in the long term if they now invest in protecting the climate. This is the finding made by the study "Oil Corporations and the Destruction of the Climate", Greenpeace is publishing in Hamburg. According to it, oil corporations must channel their investment into renewable sources of energy instead of continuing to support oil and gas.

Greenpeace is calling for oil corporations to face up to their responsibility to reduce emissions of greenhouse gases throughout the world much in the way that the industrialised nations have done in the Kyoto agreement on climate protection. Greenpeace's study proves that in technical terms business in energy can be successful using other sources of energy, and that the oil industry can do this financially.