If one oil company is synonymous with funding decades of climate denial, it is Exxon. For decades, the oil giant copied the deadly playbook of Big Tobacco of sowing doubt about the evidence and delaying action.
FOR IMMEDIATE RELEASE May 25, 2023 French oil major responsible for more climate pollution in 2022 than France – its own emissions targets allow same level of greenhouse gas pollution through 2030 [Paris, France] – New analysis released ahead of TotalEnergies’ annual shareholder meeting shows the French oil and gas major used record 2022 profits … Read More
It’s that time of year again when the oil industry has to face its shareholders and investors in public: AGM season. Over the coming days, Big Oil executives will have to respond to questions about how they are reconciling the plans for expanding fossil fuel growth with their public commitments on climate change.
A peer reviewed paper, published today in Nature Communications, examines the global decarbonisation scenarios produced by BP, Shell and Equinor and finds they are incompatible with the climate objectives of the Paris Agreement.
Today is Shell’s AGM, where the company will try and spin to its shareholders and the wider public that it is leading the climate fight and race to net zero. But its all a climate charade. Its all a lie.
The report finds the oil and gas majors are involved in over 200 expansion projects on track for approval from 2022 through 2025. If they go forward, these companies’ investments could create an additional 8.6 billion tonnes (Gt) of carbon pollution – equivalent to the lifetime emissions of 77 new coal power plants.
Despite an array of new ‘net zero’ pledges released in the past two years, the climate promises of major U.S. and European oil and gas companies still fail to meet the bare minimum for alignment with the Paris Agreement, according to a new study.
ExxonMobil is a company that for decades has done more than any other to spread climate denial. But now the climate laggard wants you to believe it is becoming a climate champion.
The assessment by Environmental Defence Canada and Oil Change International assesses eight of Canada’s top oil and gas producers, including Imperial (ExxonMobil) and Shell. It finds they are all on track to increase their oil and gas production in Canada, rather than planning a fair transition away from fossil fuels that are fuelling the climate crisis.
The climate plans of major oil and gas companies operating in Canada rank among the worst worldwide and will accelerate the climate crisis rather than help Canada and the world limit warming to 1.5 degrees Celsius (ºC), according to a new report launched at the UN Climate Change Conference.