NOIA Climate Change Position: Our Commitment to Addressing Climate Change
NOIA and its member companies commit to a collaborative approach with all stakeholders in providing solutions that balance environmental, social, economic, energy, and national security needs for society. We contribute to the advancement of principles of innovation, conservation, efficiency, resiliency, mitigation, and adaptation that must be part of a systematic approach to addressing the climate challenge.
We recognize the risks of climate change and the need for continued action. As innovators, we are committed to contributing solutions and best practices to optimally balance societal and environmental needs.
NOIA supports the aims of the Paris Agreement.
NOIA recognizes the role of authorities in climate science in the development of research and data for addressing the climate challenge, such as, for example, the Intergovernmental Panel on Climate Change.
NOIA supports and encourages the efforts of our members in understanding their emissions impacts, in setting sustainability goals and targets, and in deploying technologies and best practices for emissions reductions. NOIA will assist our members by facilitating collaboration and enhancing organizational capability to support emissions reduction efforts. NOIA’s ESG Network effectively serves as a learning and collaboration tool for continued improvement in the area of emissions reductions.
NOIA seeks to be a constructive partner in the development of thoughtful and balanced national policy to address climate change.
Support the development and availability of all forms of abundant, reliable, and affordable domestic energy supplies for Americans, while continuously driving down emissions.
Result in meaningful GHG emissions reductions across all sectors of the U.S. economy.
Balance environmental, social, economic, national security, and energy needs.
Provide for transparency related to the benefits and costs for society.
Leverage the power of markets to drive economy wide emission reductions at lowest possible societal costs. This may include the utilization of market-based approaches such as a price on carbon that can provide predictability and economic efficiencies in investments and outcomes.
Support continued funding for federal research, development, and demonstration for innovation and the advancement of emissions mitigation technologies, including, but not limited to, carbon capture, use, and storage, energy efficiency, hydrogen, renewable energy, nature-based solutions, and carbon offsets.
Seek to eliminate redundant or conflicting policies.
Be compatible with global agreements and efforts to address the issue on a global scale.
As part of the offshore energy industry's efforts to address the climate challenge, the NOIA Environmental, Social & Governance (ESG) Network provides a forum for members to share and develop best practices across the offshore energy industry.
Through collaboration, innovation and new technologies, the Network helps member companies exchange knowledge, strengthen their environmental performance and share their work in communities where they operate.
