corporate accountability


Photo: John Fowler/Flickr

ConocoPhillips, ExxonMobil, and Chevron Climate Pledges and Actions Fall Short

, Corporate Analyst and Engagement Specialist

In an unexpectedly less terrible turn of events, 2020 has seen several oil and gas companies announce more ambitious climate targets. Just last week, ConocoPhillips released a new “net-zero” climate ambition, becoming the first US oil and gas company to do so. While that breakthrough looks impressive at first glance, we’ve found some glaring deficiencies in the company’s recent announcement. Read more >

Photo: John Fowler/Flickr
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BlackRock Faces the Reality of Climate Activism

, Corporate Analyst and Engagement Specialist

It’s been a big year for BlackRock, which joined the Climate Action 100+, an influential climate shareholder advocacy group, back in January just before Chair and CEO Larry Fink’s annual letter to CEO’s laid out climate-related financial risks as a key long-term concern for shareholders. The next few weeks will show everyone if BlackRock really means business when it comes to climate action – its vote could make or break climate-critical resolutions at ExxonMobil, Chevron, and JPMorgan Chase. Read more >

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Even With Negative Oil Prices and COVID-19 Global Standstill, ExxonMobil, Chevron Must Still Commit to Net Zero Emissions

, Corporate Analyst and Engagement Specialist

You may have seen a number of headlines recently and scratched your head, wondering how something as ubiquitous as oil could cost a negative amount of money. Is the fossil fuel industry experiencing a momentary COVID-19 blip, or is the industry in bigger trouble? There’s a lot going on, so this is my attempt to break it down. Read more >

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BP´s 2019 Annual Report Holds Clues to How It Will Meet Grand Climate Goals (But No Definitive Answer)

, Corporate Analyst and Engagement Specialist

We combed through BP’s freshly released 2019 annual report, which offers a glimmer of insight into how it intends to meet the climate ambitions it set out last month with much fanfare. Read more >

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The Proof is in the Pudding: Wading into Fossil Fuel Company Reports

, Corporate Analyst and Engagement Specialist

Every February through May, I sequester myself away to read company reports from major fossil fuel companies. It usually gets off to an exciting start in early February when ExxonMobil and Chevron release their shareholder-mandated climate risk reports – this year though, things started early when ExxonMobil released its climate risk report this week. Then we have the months-long deluge of annual reports, SEC filings, sustainability reports, and finally proxy statements. In all, it’s over 500 pages of corporate accounting, advertising, shareholder reassurance, and spin. Read more >

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