2 degrees Celsius


Photo: Mike Mozart/Flickr

What to Expect—and Not to Expect—in ExxonMobil’s 2019 Climate Risk Report

, climate accountability campaign director

January 31, 2019 10:03 AM EDT

The release of ExxonMobil’s 2019 Outlook for Energy and its 2019 Energy and Carbon Summary may come as early as this week. Published in response to shareholder demands, the 2018 Energy and Carbon Summary was supposed to disclose the company’s plans for a world in which global temperature increase is kept well below two degrees Celsius (2°C). Drawing on UCS’s 2018 Climate Accountability Scorecard and our ongoing engagement with the company, here are four things to expect—and one thing not to expect—in ExxonMobil’s 2019 Energy and Carbon Summary.

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Photo: Mike Mozart/Flickr
ExxonMobil 2018 Energy & Carbon Summary
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Experts Expose Hot Air in Fossil Fuel Companies’ Climate Risk Reporting

, climate accountability campaign director

October 2, 2018 3:15 PM EDT

Last week, I participated in the 2nd Conference on Fossil Fuel Supply and Climate Policy at the University of Oxford in England. It was an exciting opportunity to discuss policies and actions aimed at limiting the supply of coal, oil, and natural gas with academic researchers, civil society leaders, and other experts from across the globe. Along with my UCS colleague Peter Frumhoff, I organized a panel on “Well Below 2°C Reporting by Major Fossil Energy Companies: The Good, the Bad, and the Ugly.” Since the 2015 adoption of the Paris climate agreement, companies such as Chevron, ExxonMobil, and Royal Dutch Shell have begun to publish reports in response to mounting investor demands that they disclose their plans for a world in which global temperature increase is kept well below two degrees Celsius (2°C) above pre-industrial levels. Panelists looked at climate risk reporting by major investor-owned oil and gas companies from legal, shareholder, scientific, and advocacy perspectives.

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Former ExxonMobil Engineer Says Oil and Gas Companies Can and Should Plan to Be Part of the Solution to Climate Change

, climate accountability campaign director

May 29, 2018 9:22 AM EDT

A conversation with William (Bill) Hafker, an environmental engineer who spent 36 years working for ExxonMobil. Bill believes that oil and gas companies should be increasingly active and transparent in identifying and committing to meaningful climate action, and should incorporate climate planning into their traditional business planning. Read more >

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Experts ask Exxon and Chevron to Stop Climate Deception and to Act to Protect Human Health

, climate accountability campaign director

May 24, 2018 12:15 PM EDT

Next week, I’ll be joined inside the ExxonMobil and Chevron annual meetings by scientists, environmental justice advocates, and UCS colleagues—all of us representing shareholders concerned about climate change. Read more >

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Shareholders Not Playing Games at Big Oil Annual General Meetings

, climate accountability campaign director

May 21, 2018 2:20 PM EDT

Major fossil fuel producers are holding their annual general meetings (AGMs) this month amid mounting pressure from investors, increasing risks of legal liability for climate damages, and heightened scrutiny of their lobbying and public policy advocacy. BP and Royal Dutch Shell host their AGMs this week; ExxonMobil and Chevron will follow next week.

If shareholder meetings were classic game shows, and investors were keeping score, fossil fuel companies would be coming up short. Read more >

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