by Zoya Teirstein, Grist
To the untrained eye, it looks like the major oil companies that helped get us into this whole climate mess — conglomerates like ExxonMobil, BP, and Shell — are starting to envision a world beyond fossil fuels. A few of them have launched their own campaigns charting a path to a greener future — and, surprisingly, even more have backed a carbon tax proposal.
Is Big Oil trying to hasten its own demise, or are these companies just ensuring that they will dominate the energy sector for decades to come?
ExxonMobil, Royal Dutch Shell, Chevron, BP, and Total have collectively spent more than a billion dollars on branding and lobbying since the signing of the Paris Agreement — the moment when the companies sensed a permanent turning of the tide against their industry. That’s according to a report published Friday by the U.K.-based InfluenceMap, a group that analyzes climate policy lobbying.
- Expansion of fossil-fuel vehicle phase-outs moves world one step closer to a climate-safe future - April 22, 2020
- Germany goes greener with $95 billion push for train over plane - January 14, 2020
- EU sets out trillion euro plan to avert ‘climate crash’ - January 13, 2020