Oil Change International says plans do not stand up to scrutiny and describes US fossil-fuel corporations as ‘the worst of the worst’
Major oil companies have in recent years made splashy climate pledges to cut their greenhouse gas emissions and take on the climate crisis, but a new report suggests those plans do not stand up to scrutiny.
The research and advocacy group Oil Change International examined climate plans from the eight largest US and European-based international oil and gas producers – BP, Chevron, ConocoPhillips, Eni, Equinor, ExxonMobil, Shell and TotalEnergies – and found none was compatible with limiting global warming to 1.5C above pre-industrial levels – a threshold scientists have long warned could have dire consequences if breached.
“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.
None of the companies were immediately available for comment.
How many times are we gonna let companies “Pledge” to be better before we start forcing them to be better through proper regulations?
With as many broken pledges have been made by these companies, you think we’d stop believing then. But for some reason cough money cough we keep trusting them.
Just 42 more times or until the demise of humanity.