ConocoPhillips believes that proactive, international engagement on the climate-related policy will be vital to achieving an orderly global transition to a low-carbon economy. Therefore, we are pleased to join the Carbon Pricing Leadership Coalition (CPLC) to more broadly share our support for the enactment of national carbon pricing policies by governments, thus enhancing international understanding of the benefits of implementation.
ConocoPhillips has long recognized the importance of advocating for a well-designed climate policy that is practical, equitable and cost-effective in reducing greenhouse gas (GHG) emissions. We have been actively engaged in climate-related discussions with policymakers and stakeholders since our first global climate change position was published in 2003. This includes joining the U.S. Climate Action Partnership (USCAP) in 2007 and supporting the American Clean Energy and Security Act of 2009 (the Waxman-Markey bill). In parallel, we have developed climate change action plans, set an emission-intensity target, integrated carbon-restricted scenarios into our strategic planning process and became the first U.S. based oil and gas company to adopt a Paris-aligned climate-risk framework to meet our net-zero operational (Scope 1 and 2) emissions ambition by 2050.
We believe that the most effective method of reducing GHG emissions across the economy by enacting a well-designed price on carbon. Participation in an international policy institute like CPLC provides an opportunity for ongoing cross-border dialogue and knowledge sharing about carbon pricing opportunities and obstacles.
In addition, within the United States, ConocoPhillips is a strong supporter of the Baker-Shultz carbon dividends plan and a founding member of the Climate Leadership Council (CLC). We also belong to and fund Americans For Carbon Dividends (AFCD), the education and advocacy branch of the CLC. Through AFCD and direct action, ConocoPhillips has played an active and visible role in U.S. carbon price engagement and advocacy at all levels of our company. Most recently, our executives and staff have engaged with elected officials and their offices in support of the four-pillar Baker-Shultz carbon dividends plan, which consists of a gradually increasing carbon price, carbon dividends for all Americans, border carbon adjustments and regulatory simplification.
We believe that the energy transition will be best facilitated through collaboration around effective, well-thought-out policy measures that governments enact worldwide. Therefore, we intend to continue working together internationally with a broad variety of stakeholders in order to advance carbon pricing as the best pathway to reducing end-use emissions across the global economy.
