https://www.commondreams.org/news/oil-company-emissions
'A new analysis of the activities of twelve major fossil fuel giants shows that
the companies are misleading the public about their emission-reduction
commitments while raking in record profits from fossil fuels, which are driving
catastrophic extreme weather events across the globe.
In a report published Wednesday, Greenpeace Central and Eastern Europe examines
the decarbonization pledges, investments, and profits of six global fossil fuel
giants—including Shell, BP, and TotalEnergies—and six European oil companies.
The results indicate that, in 2022, close to 93% of the oil giants' investments
on average went to keeping the companies on the "fossil oil and gas path" while
just 7.3% were aimed at promoting "low-carbon solutions" and sustainable
production.
"Although most of the sample companies are committed to 'net zero' by 2050, a
closer look shows that none of them has developed a coherent strategy to
achieve this," the report notes, adding that the examined companies are in fact
"scaling back their ambitions" even as their polluting activities wreak havoc
worldwide. Shell and BP recently announced they are ditching previous plans to
curb oil production and emissions.
The report shows that BP, Equinor, Wintershall, and TotalEnergies cut their
investments in renewable products last year—a fact that, according to
Greenpeace, bolsters the case for "compulsory investment in genuinely green
infrastructure" and other government regulations.
Kuba Gogolewski, a finance campaigner at Greenpeace CEE, said Wednesday that
"as the world endures unprecedented heat waves, deadly floods, and escalating
storms, Big Oil clings to its destructive business model and continues to fuel
the climate crisis."
"Instead of providing desperately needed clean energy, they feed us
greenwashing garbage," Gogolewski added. "Big Oil's unwillingness to implement
real change is a crime against the climate and future generations. Governments
need to stop enabling fossil fuel companies, heavily regulate them, and plan
our fossil fuel phase-out now. They will never change on their own."'
Via Diane A.
Cheers,
*** Xanni ***
--
mailto:xanni@xanadu.net Andrew Pam
http://xanadu.com.au/ Chief Scientist, Xanadu
https://glasswings.com.au/ Partner, Glass Wings
https://sericyb.com.au/ Manager, Serious Cybernetics
