Big oil companies are spending millions to appear 'green.' Their investments tell a different story, report shows

  • 📰 cnni
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 59%

Business News News

Business Business Latest News,Business Business Headlines

Big oil companies are spending millions to portray themselves as taking action on climate change, but their investments and lobbying activities don't live up to their planet-friendly claims, according to a new report.

Big oil companies are spending millions to portray themselves as taking action on climate change, but their investments and lobbying activities don't live up to their planet-friendly claims, according to a new report.

An analysis from London-based energy and climate think-tank InfluenceMap found that the amount of climate-positive messaging used by five major oil and gas companies -- BP, Chevron, ExxonMobil, Shell, and TotalEnergies -- is inconsistent with their spending on low-carbon activities. The report comes as scientists have grown increasingly urgent in their warning that the world must slash the use of fossil fuels to prevent catastrophic consequences of the climate crisis.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Who cares, without fossil fuels people would die

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 326. in BUSÄ°NESS

Business Business Latest News, Business Business Headlines