climate deception


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Before Bailing Out Fossil Fuel Companies or Their Bankers, Congress Should Read This

, climate accountability campaign director

A new report released last week by a range of organizations provides valuable information and guidance that might help us rebuild the economy and the energy system around principles of justice, transparency, and science-based decisionmaking. It may not be top of mind as the world faces a growing pandemic. However, it includes research that legislators should bear in mind as they consider economic stimulus measures, potentially including aid to banks and fossil fuel companies that are behind the climate crisis which still looms. Behind the COVID-19 threat, our climate emergency continues to require swift and deep emissions reductions to ensure a stable climate. Read more >

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Three Reasons Investors Should Give ExxonMobil’s 2020 Climate Report the Thumbs-Down

, climate accountability campaign director

Yesterday, ExxonMobil quietly published its 2020 Energy & Carbon Summary, the company’s latest report in response to rising shareholder demands for improved climate risk disclosure. While the report came without fanfare, you can bet that ExxonMobil will be hammering away at these talking points in the lead-up to its annual general meeting in late May. My hot-take: investors should not be duped by this slick, self-serving attempt by the oil and gas giant to claim that it’s doing its part to address climate change. Here are three reasons why. Read more >

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Votes of No-Confidence in ExxonMobil’s Climate Leadership

, climate accountability campaign director

Before entering ExxonMobil’s annual meeting in Dallas last week, shareholders had to pass local activists holding a 100-foot-long banner with the message “Climate Crisis: #ExxonKnew—Make Them Pay.” I attended the meeting for the fourth year in a row and was not surprised that, once inside, shareholders wanted a voice in the company’s handling of climate change issues. ExxonMobil blocked them from voting on shareholder proposals specifically about climate change, so they used every opportunity to express their discontent with the company’s climate action. Despite the spin that shareholders “rejected” the climate-related proposals, the results are actually a vote of no-confidence in how ExxonMobil’s leadership is addressing climate change.

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Photo: 350.org/Flickr
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Photo: Mike Mozart/Flickr

Shell Puts Trade Groups on Notice about Climate Policy

, climate accountability campaign director

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 >

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Photo: Mike Mozart/Flickr

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

, climate accountability campaign director

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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