Royal Dutch Shell yesterday announced an update to its climate “ambitions,” stating that the company aims to be a net-zero emissions energy business by 2050, if not sooner. While Shell explicitly seeks to bring net global warming emissions from its operations to zero by mid-century, the company’s pathway for reaching net zero emissions from the use of its products is less clear. Read more >
January 29, 2020 6:45 PM EDT
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 >
October 15, 2019 7:00 AM EDT
Update 10/31/2019: Adds new final paragraph
Today, the Union of Concerned Scientists (UCS) and ten other organizations that engage with businesses on environmental issues are setting new standards for corporate leadership on science-based climate policy.