From Common Dreams

Summary

A report by Oil Change International concludes that major oil and gas companies are not aligned with the Paris agreement goals for limiting global heating and are not actively pursuing energy transition plans.
The report assessed companies based on ambition, integrity, and people-centered transitions, finding all eight companies insufficient in most criteria.
Oil and gas companies are accused of greenwashing their activities and not taking meaningful steps to address climate change, prioritizing profits over environmental impact.
The companies’ reliance on unproven technologies and offsets for emission-reduction goals is criticized, along with continued lobbying against climate action.

Key quotes:

The eight largest U.S. and Europe-based oil and gas producing companies are failing to align their plans with the Paris agreement goal of limiting global heating to 1.5°C above preindustrial levels and avoiding ever more catastrophic climate impacts.
Oil Change International’s Big Oil Reality Check report, released Tuesday, concludes that the plans of BP, Chevron, ConocoPhillips, Eni, Equinor, ExxonMobil, Shell, and TotalEnergies would actually put the world on track for more than 2.4°C of warming and burn through nearly one-third of the global carbon budget for hitting the 1.5°C target.

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Oil Change International | Data Driven, People Powered.

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