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Andrew Donoghue

eWeek Europe UK: IBM: Fossil Fuel Companies Are Climate Change Victims, Not Perpetrators

Skirting carefully around the fact that fossil fuels contribute to climate change, IBM has plenty of advice for how oil and gas companies can respond to the threat from global warming

Along with other large IT companies such as HP, IBM appears to have an extremely pragmatic take on climate change.

Keen to be seen to be green with a rash of carbon-cutting services and "green" hardware, the vendor is also happy to profit from the lucrative contracts available from oil and gas companies' continuing research and exploration for new carbon-rich reserves.

In a report released this week, Global Oil & Gas – The Adaptation Challenge, IBM discusses how oil and gas companies can use IT systems (presumably from IBM) to off-set some of the impact of climate change on their operations and future profitability.

But while the incisive report is happy to drill down into details such as how water shortages caused by global warming could harm the water intensive operations of oil and gas companies, it side-steps any direct criticism of the industry for its contribution to climate change.

"Given the track-record of the oil and gas industry and its ability to innovate, we see no reason why it will not continue to be a major contributor to society and the economy in the future," the report states.

Allan Roberts, IBM’s industrial strategy & change leader, IBM Global Business Services, UK & Ireland even goes on to claim that any disruption to the future profitability of oil and gas companies from climate change won't just be bad for the businesses themselves but society as a whole. “The oil and gas industry is an important contributor to our society and economy, so if anything impacts the industry it could well impact people at home, at work, on the move, or even their personal finances,” he said.

For more to eWeek Europe UK

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