This morning in the luxurious Plaza Hotel in Brussels, many of the world top oil firms assembled for a conference on “Go Net Zero Energy.” But newly released internal documents reveal that Big Oil messaging on climate change and net zero are based on spin and “deception”.
Many parts of the world are experiencing record extreme heat right now. And now it’s the UK’s turn. Earlier today, the country’s official weather forecasters, the Met Office extended an “amber extreme” heat warning, as temperatures look set to rocket later this week and early next week too.
Scientists are warning that “large quantities of fossil fuel reserves and resources are likely to become ‘unburnable’ or stranded if countries around the world implement climate policies effectively”. And up to half the world’s fossil fuel assets could be stranded by the mid 2030s
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.
In the coming months in the run up to the crucial climate talks, COP26 in Scotland, there will be a slew of false solutions on climate change announced, whether carbon, capture and storage (CCS) or carbon offsetting.
The creation of the NZPF is a tacit recognition by major oil and gas producers that their contribution to the climate crisis can no longer be ignored. But the framing of the initiative and its main objectives raise the prospect of the NZPF being a greenwashing tool in service to the oil and gas industry’s interests.
At today’s IEA-COP26 Net Zero Summit, International Energy Agency director Dr. Fatih Birol again asserted that his agency “will provide a roadmap for the world to be in line with 1.5 degrees Celsius,” yet stopped short of saying it will be central in the upcoming WEO.
Nearly 150 organizations sent a letter urging Special Presidential Envoy for Climate John Kerry to use his powers to end the flow of finance from Wall Street to the industries driving climate change.
Last year, we rated ExxonMobil as “grossly insufficient” on all ten of the criteria. There are tiny steps forward in the new announcement, but nothing that changes any of our ten metrics from “grossly insufficient” to “insufficient,” let alone to even “partial alignment.”