Home / News / Mark Campanale, Founder of Carbon Tracker attends Vatican Event and Signs Joint Declaration on Carbon Pricing

Mark Campanale, Founder of Carbon Tracker attends Vatican Event and Signs Joint Declaration on Carbon Pricing

Mark Campanale, Founder of Carbon Tracker and Senior Adviser to Consilium Capital, attended “The Energy Transition and Care for our Common Home” dialogue at the Vatican in June 2019. Pope Francis, in his address to participants, focused on the three points discussed during the meeting, which are, a just transition; carbon pricing; and transparency in reporting climate risk. The Pope warned that today’s ecological crisis, especially climate change, “threatens the very future of the human family” and asked oil CEOs for a “radical energy transition”. Faced with a climate emergency, the Pope underlined, “we must take action accordingly, in order to avoid perpetrating a brutal act of injustice towards the poor and future generations.”

At this event the main participants, including Mark on behalf of Carbon Tracker, signed a joint Declaration on carbon pricing. This included multinational oil and gas companies. For further details with regards to the “Declaration” please visit here

Mark Campanale, as quoted in the Guardian, said:

“We must forego business-as-usual protocols and short-term market-driven goals or face environmental and financial ruin of catastrophic proportions. Oil and gas companies have a crucial role to play in transitioning to a low-carbon economy but must today collectively take those hard decisions in the wake of determined investor and public pressure, and unambiguous scientific evidence.”

For further information please visit here

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