Oil Majors Including BP Partner with Council for Inclusive Capitalism for Energy Transition Framework

By Josh Lewis, Upstream
November 08, 2021
  • Just Energy Transition

The Council for Inclusive Capitalism, a global grouping of chief executives and public sector leaders, has released a framework to deliver “a just energy transition” that included input from energy majors such as BP, Eni and Reposl.

The Council warns that the transition to a net zero economy risks growing inequality with a loss of jobs and investment in impacted communities, adding it is imperative companies transition in a way that is focused on workers, communities, and consumers.

“We must ensure that workers and communities do not lose out as we strive to help our planet. We must take everyone with us,” said BP chief executive Bernard Looney. “That is why developing this framework made sense to us at BP. We want a transition that ensures no one is left behind.”

Read the full story on UpstreamOnline.

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About Members

Bernard is leading bp’s transformation to an integrated energy company—one that creates long-term shareholder value by delivering solutions to the trilemma of secure, affordable, and lower carbon energy. He is Read More

Sharan Burrow was elected General Secretary of the ITUC at its Second World Congress in Vancouver, June 2010. Prior to this, she held the position of ITUC President since its Read More

Mark Carney is currently the UN Special Envoy for Climate Action and Finance and Co Chair of the Glasgow Financial Alliance for Net Zero. Mark was previously Governor of the Read More

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