‘No evidence’ Big Oil is serious on climate, report finds

3 comments

1. >“There is no evidence that big oil and gas companies are acting seriously to be part of the energy transition,” David Tong, global industry campaign manager at Oil Change International, who co-authored the analysis, said in a statement.
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   >None of the companies were immediately available for comment.
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   >The report’s authors used 10 criteria and ranked each aspect of each company’s plan on a spectrum from “fully aligned” to “grossly insufficient” and found all eight companies ranked “grossly insufficient” or “insufficient” on nearly all criteria.
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   >The U.S. firms Chevron, ConocoPhillips and ExxonMobil each ranked “grossly insufficient” on all 10 criteria.
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   >“American fossil-fuel corporations are the worst of the worst,” Allie Rosenbluth, U.S. program manager at Oil Change International, said in a statement.
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   >The authors also found that the companies’ current oil and gas extraction plans could lead to more than 2.4C of global temperature rise, which would probably usher in climate devastation. The eight firms alone are on track to use 30% of the world’s remaining global carbon budget to keep global average temperature rise to 1.5C, the study found.
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   >The report, in its fourth annual edition, was endorsed by more than 200 climate groups internationally. Since the first edition of the report in 2020, many oil companies have rolled back climate pledges amid spiking fossil fuel prices.
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   >“The Big Oil Reality Check data illustrates these companies’ dangerous commitment to profit at all cost,” said Tong.

   Allowing or relying on any sector or industry to self-regulate in the public interest is naive at best and willfully ignorant at worst. We know that this doesn’t work, and that bona fide legislation and regulations are needed to curb their worst excesses.

2. One of the reasons we’re so absolutely screwed is we need reports for what is very obvious, and of course for there not to be consequences either way. It’s great. Love it.

3. They are literally the enemy of all progress on this issue. They will never help, they ARE the problem. Every dollar they generation puts us closer to extinction.