. But don’t do it openly—bad for business and bad for public image.In addition to investing $27.5 billion to support the rapid deployment of low- and zero-emission technologies, BBB establishes a methane fee on pollution from the oil and gas industry above specific intensity thresholds. The fee builds on EPA’s existing Greenhouse Gas Reporting Program, recognizes the cleanest performers, and holds individual companies responsible for their own leaks and excess methane pollution.
The fossil fuel industry spends billions to promote climate disinformation—primarily through lobbying, including against the Build Back Better plan.BBB, specifically the climate change provisions. It exposed some large fossil fuel companies taking public stances in support of climate actions while privately investing overwhelmingly in fossil fuel extraction, supporting efforts to extend the life of those investments, and continuing to block reforms.
The committee included testimony from Darren Woods, CEO of ExxonMobil; Michael Wirth, CEO of Chevron; David Lawler, CEO of BP America; and Gretchen Watkins, president of Shell Oil. The oil execs were not short on chutzpah. While they did not dispute that climate change is a “code red for humanity,” theyA student protest against fossil fuel investments at the University of Wisconsin-Madison in April 2014. (
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