UN head accuses fossil fuel firms of business models ‘inconsistent with human survival’

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Criticism at Davos for big companies that, ‘like the tobacco industry’, ride roughshod over their own science

has accused the world’s biggest fossil fuel companies of refusing to abandon a business model at odds with human survival despite knowingly putting the world on course for a climate meltdown decades ago.summit of business and political leaders, the UN secretary general, António Guterres, launched a strong attack on the world’s leading oil companies, many of which are represented at the World Economic Forum’s annual meeting at the Swiss resort.

The need to step up progress in the global battle to prevent a rise in temperature of more than 1.5C has been one of the themes of the Davos meeting but the head of the UN said many of the pledges made by companies to achieve net zero carbon amounted to greenwashing. “But benchmarks and criteria are often dubious or murky. This misleads consumers, investors and regulators with false narratives. It feeds a culture of climate misinformation and confusion. And it leaves the door wide open to greenwashing.”

 

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