© 2020 – 2023 AEA3 WEB | AEAƎ United Kingdom News
AEA3 WEB | AEAƎ United Kingdom News
News

Oil and gas firms’ green investments fail to match promise of publicity – study

BP, Chevron, ExxonMobil, Shell and TotalEnergies spend $750m a year burnishing climate credentials but only 12% of capital on low-carbon development

Big oil and gas companies are spending tens of millions publicising their environmental work, while only about a 10th of their investment goes into low-carbon development, a report claims.

A comprehensive study of public communications from five oil and gas firms by InfluenceMap, a climate finance thinktank, found that 60% of the publicity made at least one claim highlighting the companies’ positive climate actions. But on average, the five companies devoted only 12% of capital expenditure to low-carbon activities – and this included some gas projects.

Continue reading…

Related posts

FTSE 100 surges over 8,000 points after British Gas owner Centrica’s profits triple to £3.3bn – business live

AEA3

John Kerry examining likely impact of new UK coalmine

AEA3

Trump tariffs will send global trade into reverse this year, warns WTO

AEA3

Pin It on Pinterest

Share This