Energy companies on Thursday agreed to a deal with the U.N. Framework Convention on Climate Change (UNFCCC) that will prevent them from cutting jobs and threatening the climate if the U,S.
doesn’t make substantial progress in combating climate change.
In a statement, BP said it “reaffirms its commitment to the Paris Agreement and its ambition to make the U-S.
a global leader in reducing greenhouse gas emissions and adapting to the impacts of climate change.”
It said that, despite the agreement, BP “remains committed to taking actions that protect the environment and strengthen our competitiveness and long-term sustainability in the global energy market.”
“This deal ensures that the industry will be able to continue to provide its customers with safe and reliable energy while working with the international community to reduce our greenhouse gas footprint,” BP said.
“This agreement also provides the U .
S. government with the tools to manage the impacts that climate change will have on the economy and our citizens.”BP said that it will continue to pursue the Paris agreement as a baseline for its operations and will continue “to work closely with the United States to advance the goals of the agreement.”
The U.K. Energy and Climate Change Secretary Jo Swinson said that the agreement was “a significant step forward in the efforts to meet the Paris climate goals” and was “an important milestone” in the process to reduce emissions and combat climate change, but added that “there is still much work to do.”
She said that U.KS. negotiators had been working to secure the agreement but that the “long-term, global approach” was still “very much in flux.”
The accord requires countries to reduce their greenhouse gas (GHG) emissions by between 25% and 50% over the next decade, but it’s unclear if the deal will be sufficient to meet that goal.
On Wednesday, President Donald Trump announced his intention to withdraw the U.”s from the Paris Climate Agreement, saying the U will “negotiate for the betterment of our citizens and the world” in response to the agreement’s “badly negotiated terms.
“The agreement requires countries such as the U to cut their GHG emissions by at least 30% by 2025.
The U was a “party to” the Paris Accord in 2012, but the U had said that while it would continue to work toward a “fairer, more just, and more sustainable” world, the accord was not enough to meet those goals.
Earlier this year, Trump also said that he would withdraw the United from the agreement.
In June, the U.-China Free Trade Agreement (CFA) was approved by the U., the European Union and Japan.