Lawmakers find Big Oil engaged in a long campaign of climate disinformation and making record profits
Lawmakers find Big Oil engag...
Subscribe to Newsletter

Lawmakers find Big Oil engaged in a long campaign of climate disinformation and making record profits

9 December 2022
3426
2 min.
9
Lawmakers find Big Oil engaged in a long campaign of climate disinformation and making record profits

Greenwashing campaign

Major oil companies have engaged in a "long-term greenwashing campaign" while making "record profits at the expense of American consumers", as the Democrat-led House Oversight Committee found after a year-long investigation into climate misinformation about the fossil fuel industry.

The committee said the fossil fuel industry was "postulating climate problems while avoiding real commitment" to reducing greenhouse gas emissions. Lawmakers said the company was trying to portray itself as part of the solution to the climate problem, although internal industry documents show how companies avoid making real commitments.

"Today's documents show that the industry does not have any realistic plans to fix its actions and is moving forward with plans to pump out dirtier fuels in the coming decades," said HOC chair Carolyn Jane Maloney.

Lawmakers said BP aims to "become a zero-loss company by 2050 or sooner," but the committee found internal BP documents that show the company's recent plans diverge from the company's public comments.

The committee said the documents uncovered also showed that the fossil fuel industry had presented natural gas as a so-called "transition fuel" for the transition to cleaner energy sources, while doubling its long-term dependence on fossil fuels without any restrictions.

A strategy slide presented to Chevron's board by CEO Mike Wirth and received by the committee says that while Chevron sees traditional energy companies exiting oil and gas, Chevron's "strategy" is to "continue to invest" in fossil fuels as industry continues to consolidate use.

Also, companies such as BP, also known as British Petroleum, Chevron, Exxon, Shell, the American Petroleum Institute and the US Chamber of Commerce, are at the centre of the Democrat MP's investigation. However, all the above companies deny involvement in the climate change disinformation campaign, and the industry has a role in fuelling it for decades.

It is worth noting that an Exxon spokesman, said in a statement that the committee had taken internal corporate communications out of context.

Persons2 and Companies7 in the news

Section:
Source foto:
flickr.com
Rating companies
Instagram
17 Mention
Netflix
14 Mention
X (Twitter)
10 Mention
White House
8 Mention
TikTok
8 Mention
Tesla
8 Mention
Us Weekly
7 Mention

NEW YORK NEWS

News from GlobalNY.biz is the freshest and most relevant information about high-profile events in the region. The task of the resource's news feed is to convey to readers with maximum accuracy and objectivity information about important events in business, politics, economy, healthcare, culture and other spheres of life in New York.
GlobalNY.biz news is a coverage of economic processes taking place in New York, the latest news of public life, incidents and an overview of political events. New York news is information about the activities of small and medium-sized businesses, the work of housing and communal services and utilities, the implementation of significant projects.
The site's journalists describe not only the life of the region, but also talk about the current state of the US economy. Everything you need to know about innovations in the field of industry and agriculture, economy and power is collected in the "News" section at GlobalNY.biz.
New York news quickly informs the reader, shows the real picture and opens up hot topics. Communication with government structures and business enables us to provide our readers with reliable, information-rich material. The main page of the portal contains the key news of New York!
Alena Potapova

Development Director
Population
8169257878
Died this year
53033160
Born this year
130470960