Today, Royal Dutch Shell published its Industry Associations Climate Review, delivering on a promise made late last year to leading institutional investors who are concerned about climate change. Shell’s review follows a similar report published by BHP in late 2017, and raises the transparency bar for fossil fuel industry competitors and their trade groups. Read more >
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.
December 19, 2018 3:54 PM EDT
BP has repeatedly touted its support for the ambition of Paris climate agreement and called for a government policy framework, including a price on carbon, to help prevent the worst effects of global warming. Yet BP’s support of the “No on I-1631” campaign, sponsored by trade association Western States Petroleum Association (WSPA), goes against these sentiments and frustrates progress on much needed new carbon pricing law or policy. Read more >
November 13, 2018 9:43 AM EDT
In recent months, we’ve seen fossil fuel giant ExxonMobil leave the American Legislative Exchange Council (ALEC), pledge $1 million to support a carbon tax, announce measures to reduce methane emissions, and join the Oil and Gas Climate Initiative (OGCI). Is the company finally getting serious about addressing climate change? Um, no. We found that these companies still appear to be trying to trick us with greenwashing. Here are six tricks by ExxonMobil and some of its key competitors that we’re countering with our public exposure and organizing. Read more >
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.