Big Oil Companies' , Actions Fail to Meet , Clean Energy Promises.
New research suggests that four
major oil companies have failed
to take action that lives up to their
promises to transition to clean energy. .
NPR reports that the study was published
on February 16 in the journal 'PLOS One.' .
The study found that Chevron, ExxonMobil, BP
and Shell all used buzz words like "climate"
and "low-carbon" in recent annual reports. .
The study found that Chevron, ExxonMobil, BP
and Shell all used buzz words like "climate"
and "low-carbon" in recent annual reports. .
The study found that Chevron, ExxonMobil, BP
and Shell all used buzz words like "climate"
and "low-carbon" in recent annual reports. .
The study found that Chevron, ExxonMobil, BP
and Shell all used buzz words like "climate"
and "low-carbon" in recent annual reports. .
However, the oil companies have failed
to take action and remain financially
dependent on fossil fuels. .
We thus conclude that the transition
to clean energy business models is not
occurring, since the magnitude
of investments and actions
does not match discourse, Researchers at Tohoku University
and Kyoto University in Japan, via NPR.
Until actions and investment behavior
are brought into alignment with discourse,
accusations of greenwashing
appear well-founded, Researchers at Tohoku University
and Kyoto University in Japan, via NPR.
According to the study, those four
oil companies alone account for over
10% of global carbon emissions since 1965. .
The research shows that while BP and Shell have pledged
to reduce investment in fossil fuels, they have actually
increased acreage for new oil and gas exploration. .
According to the study, ExxonMobil failed to generate any clean energy between 2009 and 2020. .
NPR reports that the oil companies have defended their actions and detailed plans that extend as far into the future as 2050 to reach net-zero emissions.