Elf Aquitaine follows EU climate lead

French oil major pledges to reduce greenhouse gas emissions by 15% from 1990 to 2010

French oil multinational Elf Aquitaine has pledged to cut its greenhouse gas emissions worldwide by 15% from 1990 to 2010, regardless of the target agreed to by governments when they meet for a climate summit next week in Kyoto, Japan. The company's target mirrors that proposed by EU states in March as a basis for an international protocol requiring industrialised countries to cut greenhouse gas emissions (ENDS Daily 3 March). It follows statements from other European oil companies - British Petroleum, Shell and OMV - supporting action to combat climate change. Elf's commitment covers three greenhouse gases - carbon dioxide, methane and nitrous oxide and includes a commitment to cut annual carbon dioxide emissions from 42 million tonnes to 36 million tonnes. Around half of the planned reduction is expected to be achieved by reinjection into the ground of gases formerly flared to the environment by Elf's oil exploration operations in west Africa. This is predicted to cost far less than to reduce emissions by an equivalent amount in Europe.

Follow Up:
Elf Aquitaine, tel: +33 1 47 44 42 30.

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