News Formal

'Climate Arsonists': 8 Major Oil Companies Fail to Align With Paris Agreement

  • 📰 commondreams
  • ⏱ Reading Time:
  • 15 sec. here
  • 10 min. at publisher
  • 📊 Quality Score:
  • News: 37%
  • Publisher: 51%

Climate Emergency News

Climate Justice,Global Heating,Human Rights

Olivia Rosane is a staff writer for Common Dreams.

The eight largest U.S. and Europe-based oil and gas producing companies are failing to align their plans with the Paris agreement goal of limiting global heating to 1.5°C above preindustrial levels and avoiding ever more catastrophic climate impacts. Oil Change International's Big Oil Reality Check report, released Tuesday, concludes that the plans of BP, Chevron, ConocoPhillips, Eni, Equinor, ExxonMobil, Shell, and TotalEnergies would actually put the world on track for more than 2.

This practice is out of line with the GHG Protocol on corporate emissions accounting and may violate the United Nations Guiding Principles on Business and Human Rights. Four of the companies assessed in the report—BP, Shell, Exxon, and Chevron—were also the subject of a recent U.S.

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:

 /  🏆 530. in BUSİNESS
 

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

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.

Oil Industry Licks Its Chops for Potential Trump Win as Climate Experts Sound AlarmThe oil and gas industry is preparing for a potential second Donald Trump presidency with a slate of executive orders ready to be signed on Day One.
Source: RollingStone - 🏆 483. / 51 Read more »