After the sudden resignation of Sir John Browne, Tony Hayward, BP CEO, must decide how global climate change management will lay in the company’s strategy BP. Climate change management was an important part of BP’s strategy under Browne: In 1997 Browne broke from his colleagues, publicly declared that global climate change was a serious problem and pledging BP to play a significant role in finding solutions. BP successfully reduced its own carbon emissions and championed cap-and-trade … Read more »

After the sudden resignation of Sir John Browne, Tony Hayward, BP CEO, must decide how global climate change management will lay in the company’s strategy BP. Climate change management was an important part of BP’s strategy under Browne: In 1997 Browne broke from his colleagues, publicly declared that global climate change was a serious problem and pledging BP to play a significant role in finding solutions. BP successfully reduced its own carbon emissions and championed cap-and-trade style regulation over taxation or command-and-control. Despite this progress, since the climate issue gains in political prominence and the Kyoto Protocol Hayward must consider what action to take BP’s business strategy and in the political arena to current climate risk management about to expire.
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from
Forest Reinhardt,
Mikell Hyman
Source: Harvard Business School
35 pages.
Release Date: 02 October 2007. Prod #: 708026-PDF-ENG
Global Climate Change and BP HBR case solution