Al Mayadeen English

  • Ar
  • Es
  • x
Al Mayadeen English

Slogan

  • News
    • Politics
    • Economy
    • Sports
    • Arts&Culture
    • Health
    • Miscellaneous
    • Technology
    • Environment
  • Articles
    • Opinion
    • Analysis
    • Blog
    • Features
  • Videos
    • NewsFeed
    • Video Features
    • Explainers
    • TV
    • Digital Series
  • Infographs
  • In Pictures
  • • LIVE
News
  • Politics
  • Economy
  • Sports
  • Arts&Culture
  • Health
  • Miscellaneous
  • Technology
  • Environment
Articles
  • Opinion
  • Analysis
  • Blog
  • Features
Videos
  • NewsFeed
  • Video Features
  • Explainers
  • TV
  • Digital Series
Infographs
In Pictures
  • Africa
  • Asia
  • Asia-Pacific
  • Europe
  • Latin America
  • MENA
  • Palestine
  • US & Canada
BREAKING
The Mujahideen Movement: The two were killed along with dozens of others from their family in a cowardly Zionist assassination that targeted the Sabra neighborhood today
The Palestinian Mujahideen Movement mourns the martyrdom of its Secretary-General, Asaad Attiya Abu Sharia "Abu Al-Sheikh", along with his brother Ahmad
Abu Zaid: I believe that the Iranian operation was multi-layered, combining cyber and electronic attacks with coordinated on-the-ground infiltrations by agents
Abu Zaid: Usually, archives of such sensitivity are typically protected by a full-scale security system, but it appears that Iranian intelligence managed to make use of a gap in it
Strategic military expert Nidal Abu Zaid: Iran has stripped "Israel" of the superiority and deterrence long boasted by its security minister, chief of staff, and other top officials
Fallahpour: Iran may use these documents in its battle with the United States and Western countries over its nuclear program
Fallahpour: Iran may have obtained additional documents related to "Israel's" regional projects, not just its nuclear program
Fallahpour: The coming weeks will be full of surprises, as Iran has forced Israeli intelligence agencies into a state of psychological exhaustion
Al Mayadeen's correspondent in Tehran, Siavash Fallahpour: Iran has redefined the concept of deterrence, shifting it away from traditional military balance toward a new strategic framework
Sources to Al Mayadeen: Number of documents so great that merely studying them, along with accompanying images and footage will require a great deal of time.

Study concludes oil firms' promises don't match actions

  • By Al Mayadeen net
  • Source: Agencies
  • 17 Feb 2022 16:25
  • 4 Shares
4 Min Read

The most recent scientific analysis finds claims of oil firms greenwashing their data to be well-founded.

  • x
  • Study concludes oil firm's promises don't match actions
    (Shutterstock)

According to the most extensive analysis to date, accusations of greenwashing against big oil firms who claim to be in the process of transitioning to renewable energy are well-founded.

The study looked at the records of ExxonMobil, Chevron, Shell, and BP, which are collectively responsible for more than 10% of world carbon emissions since 1965. Data examined from the previous 12 years up to 2020 determined that their actions, which include growing rather than decreasing exploration, did not match with their promises.

The investigation discovered a significant increase in references of "climate," "low-carbon," and "transition" in annual reports in recent years, particularly for Shell and BP, as well as increased pledges of action in strategy. However, according to the researchers "Financial analysis reveals a continuing business model dependence on fossil fuels along with insignificant and opaque spending on clean energy.”

The International Energy Agency (IEA) stated in May 2021 that no new fossil fuel developments are permitted if the world wants to achieve net-zero emissions by 2050.

Investors are putting greater pressure on oil corporations to match their operations with climate goals, however, they have been met with skepticism.  

Prof Gregory Trencher, at Kyoto University in Japan, said “Until there is very concrete progress, we have every reason to be very skeptical about claims to be moving in a green direction." 

Empty promises

Related News

EU spent more on Russian oil, gas than Ukraine aid, report finds

Venezuela's future to be increasingly linked to India: Maduro

“If they were moving away from fossil fuels we would expect to see, for example, declines in exploration activity, fossil fuel production, and sales and profit from fossil fuels,” he said. “But if anything, we find evidence of the reverse happening.”

According to Trencher, “It’s like a very naughty schoolboy telling the teacher ‘I promise to do all my homework next week’, but the student has never worked hard.”

The latest analysis, published in the journal PLOS One, discovered that climate-related terms increased between 2009-2020. For instance, BP's use of the phrase "climate change" increased from 22 to 326 times.

“Until actions and investment behavior are brought into alignment with discourse, accusations of greenwashing appear well-founded,” the researchers said.

According to an ExxonMobil spokeswoman, "the transition to a lower-emission future necessitates numerous solutions that can be deployed at scale. To maximize shareholder returns, we want to play a leadership role in the energy transition while maintaining investment flexibility across a portfolio of developing options such as carbon capture, hydrogen, and biofuels."

"We are focused on decreasing the carbon intensity in our operations and striving to build lower carbon companies alongside our core business lines," a Chevron representative said. We intend to spend $10 billion in low-carbon projects by 2028."

Shell’s spokesperson said: “Shell’s target is to become a net-zero emissions energy business by 2050, in step with society. Our short, medium and long-term intensity and absolute targets are consistent with the more ambitious 1.5C goal of the Paris Agreement. We were also the first energy company to submit its energy transition strategy to shareholders for a vote, securing strong endorsement.”

"We included the records that were published throughout 2021, so the so-called data gap is just approximately six months, and we don't find any indication of any additional activities that would modify any of our conclusions," Trencher said.

He added that “Unfortunately, the way the energy markets are structured around the world, fossil fuels still enjoy many [regulatory and tax] advantages and renewables are still disadvantaged."

  • Oil
  • Oil Production
STOP THE HEAT: A Climate Change Coverage

STOP THE HEAT: A Climate Change Coverage

Most Read

Lebanon's PM Nawaf Salam meets with US envoy Morgan Ortagus in Beirut on April 5, 2025 (Dalati Nohra via AP)AP)

Morgan Ortagus to exit US role in Lebanon amid policy shift

  • Politics
  • 1 Jun 2025
A Palestinian woman mourns as she embraces the body of her daughter Mayar Abu Odeh, 8, who was killed in an Israeli army strike on Gaza. at Al-Shifa Hospital in Gaza City, Wednesday, June 4, 2025. (AP)

French port workers block arms shipment to 'Israel' amid Gaza genocide

  • Politics
  • 4 Jun 2025
New Syrian group claims Golan strike, vows resistance to 'Israel'

New Syrian group claims Golan strike, vows resistance to 'Israel'

  • Politics
  • 4 Jun 2025
Palestinians struggle to get donated food at a community kitchen in Khan Younis, southern Gaza Strip, Monday, June 2, 2025. (AP)

Boston Consulting Group withdraws from GHF

  • Palestine
  • 3 Jun 2025

Coverage

All
War on Gaza

Read Next

All
https://english.almayadeen.net/news/politics/pentagon-chief--nato-likely-to-back-trump-s-5--defence-spend
Politics

Europe spent $3 trillion on defense, but got little in return - FT

Power, parties, and scandal: Trump’s ties to Epstein: Telegraph
Europe

Power, parties, and scandal: Trump’s ties to Epstein - The Telegraph

Eilat port as seen from the sea, occupied Palestine, March 12 2009 (wikimedia commons)
Politics

YAF operations forced 80% plunge in Eilat port revenues in 2024

EU backs International Criminal Court after US sanctions judges
Europe

EU backs International Criminal Court after US sanctions judges

Al Mayadeen English

Al Mayadeen is an Arab Independent Media Satellite Channel.

All Rights Reserved

  • x
  • Privacy Policy
  • About Us
  • Contact Us
  • Authors
Android
iOS