Big Oil is failing to curb emissions, report finds

May 22, 2024

The eight largest U.S.- and Europe-based oil and gas producers are failing to meet standards that would help keep global temperatures from rising to detrimental levels, according to a new report from research group Oil Change International.

The report, Big Oil Reality Check, explains that companies’ current extraction plans could lead to more than 2.4 degrees Celsius of global temperature rise relative to pre-industrial levels—substantially higher than 1.5 degrees Celsius, the threshold that scientists have warned could have dire consequences if surpassed.

The researchers used 10 criteria and ranked each company’s plan for production on a spectrum from “fully aligned” to “grossly insufficient.” All eight companies ranked “grossly insufficient” or “insufficient” on nearly all criteria. U.S. companies scored the worst—Chevron, ConocoPhillips, and ExxonMobil each ranked “grossly insufficient” on all 10 criteria. None of the eight companies have plans to stop fossil fuel exploration, and none set comprehensive targets to curb their emissions. All companies except Shell and BP have explicit goals to increase oil and gas production.

“There is no evidence that big oil and gas companies are acting seriously to be part of the energy transition,” said David Tong, Global Industry Campaign Manager at Oil Change International. “The Big Oil Reality Check data illustrates these companies’ dangerous commitment to profit at all cost.”

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Quote of the day

Many rural communities and renewable energy projects rely on BLM lands. And the rule would ensure that these folks can work hand-in-hand with their local BLM field offices to rebalance conservation and recreation with resource extraction and development.”

—Mandi Elliot, executive director of the Nevada Outdoor Business Coalition, Las Vegas Sun

Picture This


A brown bear stands in a meadow next to a creek. Trees and a mountain covered in snow patches located behind the creek, lupine wildflowers at the forefront.

@lakeclarknps
 
Bears digging in mudflats for clams, seagulls squawking overhead as the waves lap the shore, a curious fox trots through a meadow filled with wildflowers. This is where the land meets the sea. This is Silver Salmon Creek.With outstanding bear viewing and sport fishing opportunities surrounded by stunning scenery, Silver Salmon Creek is a prime destination for an Alaskan adventure. But where adventure abounds, there are many considerations to plan for. We all must take steps to understand the critical role of keeping the coast a wild and magical place.NPS Photo/K. LewandowskiAlt text: A brown bear stands in a meadow next to a creek. Trees and a mountain covered in snow patches located behind the creek, lupine wildflowers at the forefront.

 

(Featured image: Oil pump jacks in California. CGP Grey, Wikimedia Commons)