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.
January 31, 2019 10:03 AM EDT
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 23, 2018 1:00 PM EDT
If you look at headlines from the last year, ExxonMobil, Chevron and other major fossil fuel companies have seemingly turned a new page on climate change. But, as I and my colleagues have analyzed, this “support” is a PR distraction when these companies are keeping up business-as-usual. Today UCS released a scorecard,which analyzed what eight major fossil fuel companies are saying they’re doing about climate change, and just how much these companies are doing to drastically lower their emissions. 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.
May 9, 2018 9:57 AM EDT
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 >