Pope to oil executives: Act on climate

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Rome, June 10: Three years ago, Pope Francis issued a sweeping letter that highlighted the global crisis posed by climate change and called for swift action to save the environment and the planet.
On Saturday, the Pope gathered money managers and titans of the world’s biggest oil companies during a closed-door conference at the Vatican and asked them if they had got the message.
Pressure has been building on oil and gas companies to transition to less polluting forms of energy, with the threat of fossil-fuel divestment sometimes used as a stick. “There is no time to lose,” Francis told them on Saturday.
Though oil and gas companies had made “commendable” progress and were “developing more careful approaches to the assessment of climate risk and adjusting their business practices accordingly,” he said, those actions were not enough. “Will we turn the corner in time? No one can answer that with certainty,” the pope said. “But with each month that passes, the challenge of energy transition becomes more pressing.” (NYTNS)