ConocoPhillips - Environmental Record

Environmental Record

From 04/2007 to 02/2010 ConocoPhillips was a member of the U.S. Climate Action Partnership. On April 11, 2007, it became the first U.S. oil company to join the U.S. Climate Action Partnership, an alliance of big business and environmental groups. The partnership in January 2007 had advised President George W. Bush that mandatory emissions caps would be needed to reduce the flow of carbon dioxide and other heat-trapping gases into the atmosphere. In 2007 ConocoPhillips announced it would spend $150 million that year on the research and development of new energy sources and technologies — a 50 percent increase in spending from 2006. However, ConocoPhillips left the U.S. Climate Action Partnership in February, 2010.

According to the Political Economy Research Institute, ConocoPhillips ranked 13th among U.S. corporate producers of air pollutions.

In 2003, ConocoPhillips was named as a defendant in a lawsuit brought by Green Alternative, an environmental group based in the former Soviet republic of Georgia. The suit claimed that a number of foreign oil companies colluded with the Georgian government to induce authorities to approve a $3 billion pipeline without properly evaluating the environmental impact.

In June 2011, ConocoPhillips China Inc., a wholly owned subsidiary of ConocoPhillips, was responsible for a series of oil spills at the Penglai 19-3 oil field in Bohai Bay.

ConocoPhillips is a signatory participant of the Voluntary Principles on Security and Human Rights.