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

  • 📰 GuardianAus
  • ⏱ Reading Time:
  • 26 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 98%

Philippines News News

Philippines Philippines Latest News,Philippines Philippines Headlines

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.”

 

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

 /  🏆 1. in PH

Philippines Philippines Latest News, Philippines Philippines Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

40pc of business chiefs fear for the future as Davos beginsCEOs are the most downbeat they’ve been since the 2008-09 financial crisis, while chief economists are braced for a global slowdown.
Source: FinancialReview - 🏆 2. / 90 Read more »

Davos day 1: pessimistic mood as WEF annual meeting begins; Von der Leyen and Liu He speeches due – business liveRolling coverage from the World Economic Forum in Davos Why has the wef account turned off comments? Don’t they want to hear how good they are?
Source: GuardianAus - 🏆 1. / 98 Read more »