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Endorser Statements (In Alphabetical Order)

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Endorser Statements (In Alphabetical Order) Endorser Statements (in alphabetical order) Rovnag Abdullayev, President, SOCAR (Azerbaijan) “The growing global oil & gas industry has also brought into the global agenda the mitigation of negative effects to the environment and climate change as well as environmental protection. Azerbaijan, as an oil producing country, has undertaken bold actions and achieved significant results during the past several years. SOCAR has joined the World Bank’s initiative “Zero Routine Flaring by 2030” together with global oil giants and was the fifth company to endorse the initiative. Through joining World Bank's initiative on gas flaring, SOCAR has achieved to decrease the ratio of flared gas to 1.7% in 2013 and 1.6% in 2014 accordingly. Moreover, the captured flare gas was channeled into gas transportation network to be delivered to end consumers. This fact highlights once again the importance that Azerbaijan pays to environmental protection and mitigation of climate change risks.” Solomon Asamoah, Vice President, African Development Bank “We welcome this global Initiative to end routine flaring no later than 2030. The African Development Bank’s strategy for the period 2013 – 2022 has inclusive and green growth as the overarching objectives and this initiative is clearly aligned with our strategic focus of sustainable development.” Børge Brende, Minister of Foreign Affairs, Norway “In Norway flaring, except emergency flaring, has been forbidden from the start of our oil production, to avoid wasting resources. Later, global warming reinforced our commitment. Flaring in the Arctic is especially damaging. Carbon from the flaring falls on snow and the glacier, accelerating the melting. We have all seen the disturbing pictures of polar bears without their natural habitat of ice. Zero Routine Flaring by 2030 is important for our planet. I am therefore happy to announce that Norway will contribute 1 million USD to the initiative.” Claudio Descalzi, CEO, Eni “For many years, Eni has been committed to tackle climate change by reducing gas flaring and developing natural gas production and distribution programs, contributing to the development of local energy systems. Eni’s endorsement of the initiative reflects our continuous commitment in pursuing our efforts to minimize the environmental impact of our operations.” Hashem S. Hashem, CEO, Kuwait Oil Company “With firm commitment towards protecting our environment, we have reduced KOC gas flaring from 17% in 2005 to about 1% today; and we are committed to further reduce gas flaring in all aspects. I strongly believe that it is possible through certain measures such as effective leadership, strong staff commitment at all levels, flare reduction initiatives, investments in gas flaring reduction projects; and global partnership by sharing best practices, new technologies and new ideas for flaring reduction.” 1 Bindu N. Lohani, Vice President, Asian Development Bank “Gas that is flared is wasted energy that could otherwise meet a substantial portion of demand for fuel. It also causes a huge amount of unnecessary CO2 emissions. The Asian Development Bank (ADB) endorses the target of zero routine flaring by 2030 and will work towards advancing this initiative.” Helge Lund, CEO, BG Group “Business as usual will not be enough to meet both rising energy demand and pressing sustainability challenges such as climate change. Innovation is critical to deliver an increasingly cost efficient and less carbon intensive industry. This initiative fosters global collaboration across companies, governments and other partners to accelerate innovation towards eliminating routine gas flaring during oil production operations. We encourage others from the oil and gas industry to join this valuable voluntary initiative.” Oswaldo Madrid, CEO, Petroamazonas (Ecuador) “Ecuador is one of the most environmentally and biologically diverse sites on the planet. Keeping our air, water and land clean is not just a consideration for Petroamazonas EP; it is the basis from which we operate. At the same time, the government’s policies have motivated our company to develop, a new oil industry business model, to ensure our natural resources are not wasted” Mirzagaliev Magsum Maratovich, Vice-Minister of Energy, Kazakhstan “The Republic of Kazakhstan supports this Initiative, since the total elimination of associated petroleum gas flaring is one of the objectives of the government and fully coincides with the objectives of the "Zero Routine Flaring by 2030" Initiative.” Kirill V. Molodtsov, Deputy Minister of Energy, Russian Federation “The Ministry of Energy of the Russian Federation shares the World Bank concerns about associated petroleum gas flaring. In addition to being a waste of a finite natural resource, flaring of produced gas releases harmful substances into the atmosphere, which change the composition of the atmosphere every year”. Etienne Dieudonné Ngoubou, Minister of Petroleum, Gabon “The zero routine flaring initiative is an opportunity for the industrialization of Gabon (petrochemicals, generation, etc.).” Jorma Ollila, Chairman, Royal Dutch Shell “Ending routine flaring is a practical way to lower CO2 emissions while meeting the world's energy needs. The "Zero Routine Flaring by 2030" Initiative renews Shell's existing efforts in this field. I call upon governments to support this initiative and work with the oil and gas industry to make it a success.” Patrick Pouyanné, CEO, Total “Total believes that reducing flaring at oil fields is an important contribution towards mitigating climate change, and that is why we made the decision 15 years ago to eliminate routine flaring in all new projects. This policy continues to guide the company and is why Total fully supports the global initiative to eliminate routine flaring by 2030.” 2 Eldar Sætre, CEO, Statoil “Statoil is pleased to support the Zero Routine Flaring by 2030 initiative. Committing to this target is one of the most important contributions our industry can make towards mitigating climate change.” Galina Saidova, Minister of Economy and World Bank Governor, Uzbekistan “At present time, reduction of losses while extracting energy resources, including recovery and utilization of associated gas, is the pillar of the complex and large-scale measures to reduce resource intensity and further improve energy efficiency of the economy. These measures are set as priority directions in the Program of Measures to Reduce Energy Intensity, introducing energy saving technologies and systems in the branches of economy for 2015-2019.” Michel Sapin, Minister of Finance and Public Accounts, France France is proud to support the “Zero routine flaring by 2030” Initiative, which will allow to significantly reduce greenhouse gas emissions from the oil and gas sector. France, as future COP 21 presidency, encourages new partners to support this initiative, part of the broader action agenda that will be key in building momentum towards the Paris conference. Josue Tanaka, Managing Director, EBRD “The EBRD is an active member of the Global Gas Flaring Reduction Partnership (GGFR) and was among the first organizations to endorse the “Zero Routine Flaring by 2030” Initiative. Ensuring associated gas from oil production is utilised or conserved is a critical component for us when considering financing an upstream oil and gas project. This Initiative is very much in line with our energy efficiency and climate change strategy, and by setting a global target it will further motivate our clients to identify solutions at the outset, rather than wastefully flare the gas.” Kandeh Yumkella, CEO, UN Sustainable Energy for All Initiative “The strong support for this initiative by so many major players in the oil and gas industry is a real milestone. The routine flaring of gas is not just an environmental threat, but a shocking waste of a resource that can be tapped to provide energy to those who currently have none. The benefits of curbing that waste will be far-reaching, for both the planet and its people.” 3 .
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