lanning, Strategy and Corporate Affairs (PS&CA) actively engages the external community, including investors, the public, government and media; pursues development and execution of strategic ventures; enriches the community through charitable investment and employee volunteerism; and conducts economic and industry research and planning.
During 2007, the organization helped structure agreements with Archer Daniels Midland to collaborate on the development of renewable transportation fuels from biomass and with Tyson Foods to produce and market renewable diesel fuel. Both would supplement traditional petroleum-based supplies.
“In addition to providing reliable energy, the public expects us to serve as a good corporate citizen and a responsible member of the community,” said Sigmund Cornelius, senior vice president, PS&CA. “We understand our social contract with our communities and take pride in our involvement.”
The organization helped position the company to address the emerging climate-change issue. In 2007, ConocoPhillips became the first major U.S. oil company to join the U.S. Climate Action Partnership, which supports creation of a mandatory national framework to address greenhouse gas emissions. The company also pledged $1 million for the Climate Change Policy Partnership at Duke University, a four-year, university-industry collaboration to develop remedial policies.
PS&CA developed and coordinated public education through outreach initiatives that included new advertising and the Conversation on Energy community outreach program. Launched in late 2006, this program featured town hall meetings in 35 U.S. cities at which the public and ConocoPhillips executives discussed energy challenges and solutions. ConocoPhillips gained key insights into the public’s energy preferences, and opinion surveys indicate that the program improved public perceptions of the company. This initiative is expected to continue in 2008.
Additionally, ConocoPhillips worked to enhance the well-being of the communities in which it operates throughout the world. Employees devoted thousands of hours of their time to worthy charitable, educational and civic activities. The company’s 2007 philanthropic contributions were about $60 million.
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