Despite our climate emergency and the massive demand reduction caused by COVID-19, American oil executives say it would be “folly” for them to switch to renewables.
Exxon
“Humiliation”: Exxon dumped out Dow Jones Industrial Index after nearly 100 years
The once mighty Exxon has just suffered the corporate humiliation of being booted out the highly influential Dow Jones Industrial Index.
From Supermajors to Superminors: the fall of Big Oil
Shell is in trouble. BP is in trouble. So too is Exxon.
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.
Urgent need to reduce carbon emissions by 7 per cent a year, says UN
According to UNEP, collective ambition must increase more than fivefold over current levels to deliver the cuts needed over the next decade for the 1.5°C goal, or put another way, global greenhouse gas emissions need to fall by 7.6 per cent each year between 2020 and 2030.
#ExxonKnew Trial Starts in New York
Exxon Mobil and Big Oil will finally be on trial for misleading investors over the financial risks of climate change.
One Year After Landmark IPCC Report: We have to “Shut Big Oil down or face extreme climate disruption.”
“Rather than planning an orderly decline in production”, Big Oil is “doubling down and acting like there is no climate crisis. This presents us with a simple choice: shut them down or face extreme climate disruption.”
NYC youth and global frontline leaders disrupt Oil & Gas Climate Initiative greenwash soirée
Two days after hundreds of thousands marched through New York demanding action to confront the climate crisis, youth activists disrupted a greenwashing event attended by several oil major CEOs.
Oil & Gas Climate Initiative Draft Report: Bad Science, Full of Holes
Recent analysis shows that oil majors — including Oil & Gas Climate Initiative members — are set to spend hundreds of billions of dollars more on exploration and extraction of oil and gas that the world cannot afford to burn, eclipsing symbolic ‘low-carbon’ efforts.Â
Don’t be fooled by Exxon’s carbon fee public relations scheme
Earlier this week, Exxon’s PR juggernaut won a victory as they achieved some breathless coverage of their contributions toward an effort by former Republican officials to push a carbon fee and dividend policy proposal forward. But, if you get beyond the smoke and mirrors of Exxon’s public relations, you’ll see this effort for what it … Read More