2 degrees Celsius


Experts Expose Hot Air in Fossil Fuel Companies’ Climate Risk Reporting

, climate accountability campaign director

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

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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Woman raising hand to ask question in a meeting.

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

, climate accountability campaign director

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

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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ExxonMobil refinery in Baton Rouge, LA.

2°C or not 2°C? Unanswered Questions in ExxonMobil’s and Chevron’s Climate Risk Reports

, climate accountability campaign director

Heading into their annual meetings at the end of this month, both ExxonMobil and Chevron have published reports in response to 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—the target set in the Paris Climate Agreement. Should ExxonMobil and Chevron shareholders be satisfied with these reports? No—and there are indications that some are not. I took a look at these reports, consulted with other UCS experts, and identified four big questions left unanswered. Read more >

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