Top Posts
Brazil launches COP30 accommodation platform after pressure from...
Pakistan’s deadly floods worsened by global warming: study
Putin decree allows Russia to increase greenhouse gas...
New study shows climate change cancelling major events
Tinubu appoints Majekodunmi new DG of National Council...
ICJ says countries to be held accountable for...
Report shows PR firm working for Shell wins...
Study shows climate change could make ‘droughts’ for...
Kano govt unveils climate change policy, to plant...
FG says desertification has disrupted livelihoods of over...
EcoNai Newsroom
  • Newsround
  • Nigeria
  • Africa
  • World
World

Report shows oil firms may ruin global efforts to combat climate change

by By Matthew Eloyi December 9, 2022
written by By Matthew Eloyi December 9, 2022
511

A report released Friday by Democrats on the House Oversight Committee has shown that major oil and gas companies have little intention of taking concrete actions to transition away from fossil fuels and toward clean energy solutions despite their public efforts to be seen as working to address climate change.

The committee reported that despite making climate commitments, Shell, Chevron, BP, and the American Petroleum Institute had all made significant investments in initiatives that would safeguard and entrench the use of fossil fuels.

Internal documents released as part of the report indicate that oil firms expect to see large returns on their investments in fossil fuels. One internal Chevron document shows that expanding oil production off the coast of Australia may generate up to a $200 billion return over the next 40 years.

Read also: Govt recovers 6,007 hectares of land in three years

According to the report, the companies deliberately deceived the public about their plans and also attempted to thwart the Committee’s investigation and withhold key documents.

“These documents demonstrate how the fossil fuel industry ‘greenwashed’ its public image with promises and actions that oil and gas executives knew would not meaningfully reduce emissions, even as the industry moved aggressively to lock in continued fossil fuel production for decades to come — actions that could doom global efforts to prevent catastrophic climate change,” the committee wrote in the report.

According to Internal documents, some oil executives privately acknowledged that divesting or shifting the responsibility for emissions won’t have a significant impact on total emissions levels.

The report added that the major oil firms dodged responsibility and hindered the committee’s inquiry, which was initially started in September 2021, by refusing to cooperate with subpoenas for records issued by Rep. Carolyn Maloney, D-N.Y.

The report was released following the 2022 midterm elections when Democrats lost their majority in the House and their ability to manage House Oversight probes.

Story was adapted from NBC News.

Climate changeEffortsFightOil firmsReport
0 comment 0 FacebookTwitterPinterestEmail
admineconai

previous post
Govt recovers 6,007 hectares of land in three years
next post
NASENI Initiates Energy Stoves for Women, IDPs, Flood Victims

Related Posts

Brazil launches COP30 accommodation platform after pressure from...

August 7, 2025

Pakistan’s deadly floods worsened by global warming: study

August 7, 2025

Putin decree allows Russia to increase greenhouse gas...

August 7, 2025

New study shows climate change cancelling major events

August 4, 2025

ICJ says countries to be held accountable for...

August 4, 2025

Report shows PR firm working for Shell wins...

July 30, 2025

Study shows climate change could make ‘droughts’ for...

July 30, 2025

UN agency says deadly floods show need for...

July 22, 2025

UN climate change director calls for urgent action...

July 18, 2025

Environmental activist dismisses CoP meetings on climate change...

July 18, 2025

Leave a Comment Cancel Reply

Save my name, email, and website in this browser for the next time I comment.

Newsletter

Subscribe my Newsletter for new blog posts, tips & new photos. Let's stay updated!

  • Facebook
  • Twitter
  • Instagram
  • Linkedin
  • Bloglovin
  • Vimeo

@2021 - All Right Reserved. Designed and Developed by Eco-Nai+

EcoNai Newsroom
  • Newsround
  • Nigeria
  • Africa
  • World