Some of the world’s worst polluting companies, including BP and Shell, have been regularly lobbying the UK Government offering money to be part of next year’s UN COP26 conference.
BP
Spoiler alert: Big oil companies are still failing on climate
Being a “leader” among laggards doesn’t cut it when we’re in a climate emergency – a crisis that the oil and gas industry has done the most to cause.
Discussion Paper: Big Oil Reality Check — Assessing Oil And Gas Climate Plans
Our new discussion paper analyzes the current climate commitments of eight of the largest integrated oil and fossil gas companies, and reveals that none come close to aligning their actions with the urgent 1.5°C global warming limit as outlined by the Paris Agreement.
Oil Change International response to BP’s new commitment to major cuts in extraction by 2030
Today, alongside its second-quarter results, BP announced that it will cut oil and gas extraction — excluding its major share in Russian oil giant Rosneft — by 40% by 2030.
“Historic moment” as BP writes-off billions of reserves as stranded assets
This is a big moment for Big Oil. Climate reality has finally caught up with BP’s corporate dreamland that it could carry on drilling forever.
Despite Emergency, Belligerent Exxon Refuses to Act on Climate at AGM
Exxon, which has been bruised, battered and bloodied by a catastrophic collapse in the oil price, and is haemorrhaging money, wants us all to drive over a climate cliff too. It is reckless corporate behaviour, which the executives must know will cost lives.
Oil and gas news & insights: Week of May 11
OCI is producing weekly news and resources updates for allies as part of our response to the COVID-19 crisis.
From Supermajors to Superminors: the fall of Big Oil
Shell is in trouble. BP is in trouble. So too is Exxon.
As BP’s profits plunge, analysts say we are entering the “end-game” for oil
You cannot underestimate that seismic shift going on as investors, often drunk on big oil profits, now just face uncertainty and loss. The oceans are awash with bobbing tankers full of oil, with no market to sell them. The industry is paralysed by the pandemic.
COVID-19 fallout threatens “long-term survivability” of Big Oil
Big Oil faces a new reality where “everything has changed.” Even their long-term survival.