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NEWS & INSIGHTS | article

NZTC supports HRH The Prince of Wales sustainability ‘Terra Carta’ charter

16 February 2021 2 minute read
  • NZTC CEO, Colette Cohen, has pledged NZTC support for HRH The Prince of Wales and the Sustainable Markets Initiative’s ‘Terra Carta’ or Earth Charter.
  • Joining more than 170 global businesses, OGTC will support the agreement which commits to achieving net zero emissions by 2050.

NZTC CEO, Colette Cohen, has pledged support for HRH The Prince of Wales and the Sustainable Markets Initiative’s ‘Terra Carta’ or ‘Earth Charter’.

The charter, which was unveiled during the One Planet Summit in Paris in January 2021, seeks to protect the world’s natural resources and accelerate the transition to a greener future. It contains nearly 100 actions that businesses can take, including a commitment to achieving net zero emissions by 2050 or sooner and protecting natural ecosystems.

The Prince of Wales launched Terra Carta urging firms and organisations to commit to practical action to set the planet on a sustainable trajectory. One goal is to direct £7.3 billion to green causes by 2022, placing nature, people and planet at the heart of global value creation.

The power of the Terra Carta will be a framework that holds companies accountable for voluntary commitments. Companies that sign the charter will be “reported on and updated annually,” according to the Terra Carta statement of intent.

OGTC made the commitment to support the charter as it aligns with its mission to deliver an affordable net zero North Sea. Providing support for the charter will see OGTC work with industry, academia and government to accelerate towards an affordable net zero future through innovation and the development and deployment of technology in the North Sea.

NZTC’s CEO, Colette Cohen, commented:

“NZTC’s purpose is development and deployment of technology to accelerate the oil and gas industry to an affordable net zero by 2050, which is aligned to HRH The Prince of Wales’ Terra Carta Charter and Sustainable Markets Initiative. As nations prepare this year, to make commitments at COP 26, this Charter is an exemplar in its focus on engaging industry in the delivery of net zero by 2050 and we are delighted to be formally signed up. Working with our industry, government and academia partners, NZTC is committed to realising an integrated energy reimagined net zero North Sea.”

 

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