Nor was BP alone among the big oil companies communicating this message. Now there are other ways to produce energy, and responsibility to tap those renewable resources lies with the world’s energy companies. Today, almost 20 years after BP’s carbon calculator went live, cutting a firm’s carbon footprint is still the gold standard of corporate climate action. Businesses often do this by buying carbon credits to offset emissions they can’t or won’t reduce. All of these approaches threaten fossil fuel’s business model and, not coincidentally, would help to slow the warming of the planet.

Source: International New York Times August 31, 2021 09:00 UTC