Caltex is committed to addressing the serious issue of climate change by working with governments to develop effective policies to reduce emissions.

Caltex accepts the science behind global warming. The Intergovernmental Panel on Climate Change, a body set up by the UN in 1988, says it is very likely the increase in temperatures since the mid twentieth century is a result of increased greenhouse gases in the atmosphere from human activity.

Climate change presents a significant risk to economies, societies and the environment. There are costs for Caltex in reducing emissions but also opportunities, and a responsibility to the community to act.

Caltex supports setting a national goal for reducing greenhouse gas emissions. This goal should be determined and adjusted from time to time on the basis of the best available science. 

Caltex supports the introduction of a price on carbon which maintains the international competitiveness of Australian industries such as oil refining. Governments should also look to more effective policies to reduce emissions from light vehicles, such as a package of 'complementary measures' to encourage new, more efficient vehicle technology and use of alternative fuels.

Caltex's position on climate change

Caltex:

1. accepts the conclusion of Intergovernmental Panel on Climate Change that "most of the observed increase in globally averaged temperatures since the mid-20^th century is very likely due to the observed increase in anthropogenic greenhouse gas concentrations"
2. recognises that climate change presents a significant risk to economies, societies and the environment
3. advocates a broad-based approach to emissions abatement recognising that there are many pathways to reduce greenhouse gas emissions over the short, medium and longer term
4. supports a national approach to climate change policy in Australia to ensure that the most effective and appropriate frameworks are put in place
5. supports public reporting of greenhouse gas emissions to provide clear understanding of trends in industry emission profiles
6. expects policy decisions by governments to be based on sound scientific and economic analyses that recognise the risks, costs and benefits to the downstream petroleum industry (including refining and marketing sectors) as well as to society
7. encourages co-operative international actions by governments and industry that recognise the global nature of climate change and contribute to sustainable longer term climate change mitigation
8. supports a long term aspirational national goal for reduction of greenhouse gas emissions
9. supports introduction of a national pricing mechanism for carbon. 

03.05.2010 - Caltex PM Task Group Energy Efficiency Issues Paper

31.07.2009 - Caltex Australia Limited submission to the Senate Select Committee Inquiry into Fuel and Energy

09.06.2009 - Caltex Australia Limited submission on Energy White Paper discussion papers

04.06.2009 - Caltex Australia Limited submission to the Senate Economics Committee Inquiry into the Carbon Pollution Reduction Scheme Bill 2009 and related bills

29.05.2009 - Caltex Australia Limited submission to the Senate Select Committee on Climate Policy (Update of submission dated 23 April 2009 to take account of CPRS changes announced on 4 May 2009)  

06.05.2009 - Caltex Australia Limited submission to the Discussion Paper on deferred payment arrangements for CPRS auctions

06.05.2009 - Caltex Australia Limited comment on the Issues Paper regarding Eligible Emissions Units as Financial Products

23.04.2009 - Caltex Australia Limited submission to the Senate Select Committee on Climate Policy

21.04.2009 - Caltex Australia Limited opening statement to Senate Select Committee on Climate Policy inquiry into Climate Policy

20.04.2009 - Caltex Australia Limited comments on the exposure draft legislation for CPRS Fuel Tax Adjustment Arrangements

25.02.2009 - Opening statement by Caltex Australia to hearing of Senate Select Committee on Fuel and Energy

11.09.2008 - Caltex Australia Limited submission to Carbon Pollution Reduction Scheme

30.04.2008 - Caltex submission to Garnaut Climate Change Review Emission Trading Scheme Discussion Paper