Energy majors exaggerating green performance: analysis - Al-Monitor: Independent, trust... - 0 views
www.al-monitor.com/...ing-green-performance-analysis
climate energy business oil advertising disinformation analysis
shared by Ed Webb on 10 Sep 22
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nergy majors are exaggerating their green credentials in public messaging while continuing to allocate the majority of new investment to oil and gas projects, according to an industry analysis released Thursday.Campaigners say this "significant misalignment" between communication strategies and business plans could allow five of the biggest privately-owned energy firms to continue to delay the decarbonisation needed to avoid the worst impacts of climate change.
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public communications were found to contrast with the five's planned capital expenditure for 2022, with just 12 percent of new investments earmarked for low-carbon activities
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significantly cheaper than decarbonising their business models and would encourage governments to continue subsidising their products
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Some of the firms analysed plan to increase oil and gas production by 2026, something the analysts said would see their emissions "significantly overshoot" the International Energy Agency's recommended net-zero pathway.