11/16/2022
Big oil companies are spending millions to portray themselves as taking action on climate change, but their investments and lobbying activities don't live up to their planet-friendly claims.
British think-tank, InfluenceMap, has released a scathing report about the efforts of 5 major oil and gas companies to "greenwash" their activities and record profits, and portray themselves as pro-climate to the public. According to InfluenceMap, these oil and gas companies highlight their support for the effort to transition away from fossil fuels and toward renewable energy, and are focused on support for emissions reductions.
However, on average, just 12% of their capital expenditure budgets are going toward what the companies consider low-carbon or renewable activities. And they continue to lobby policymakers to lock fossil fuels into climate policy, including the encouragement of new oil and gas development.
We must continue to fight misinformation by the oil and gas industry. Fossil fuels contribute to climate change. Climate change is killing our planet.
Following up on InfluenceMap's 2019 edition of 'Big Oil's Real Agenda', this latest report compares and contrasts the public communications, business operations, and policy engagement of 5 'supermajor' oil companies: BP, Shell, Chevron, ExxonMobil, and TotalEnergies. The report provides evidence of....