In new research published Monday, environmental law non-profit ClientEarth accused some of the world's biggest oil firms of misrepresenting the role their businesses play in the climate crisis and overstating the speed at which they are transitioning to clean energy sources.
ExxonMobil, Chevron, Shell, Saudi Aramco, Total and Norwegian state oil company Equinor are among the biggest oil companies for which ClientEarth has compiled dossiers that compare their climate pledges to their business practices. It said it is considering options for legal action against these companies.
Companies claim to be addressing the climate crisis while in some cases increasing fossil fuel production or planning to rely on the large-scale use of carbon capture and"offsets," instead of reducing emissions in absolute terms, ClientEarth added. Fossil fuel advertising should be regulated along the same lines as tobacco, with"health warnings" about the dangers of climate change that identify fossil fuels as the main contributor to global warming, said ClientEarth.
😂😂😂u living under a stone cnn?
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: inquirerdotnet - 🏆 3. / 86 Read more »