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Author: Union of Concerned Scientists, Published on: 7 November 2018
"Fossil fuel companies are facing increasing shareholder, legal and political pressure to stop spreading climate disinformation and to fix their business plans to achieve dramatic reductions in global warming emissions. While some companies are responding to this pressure, overall their efforts remain insufficient to prevent the worst impacts of climate change.
In 2016, when we first analyzed the actions of 8 major oil, gas, and coal companies, we found that none had made a clean break with disinformation on climate science and policy or planned adequately for a world free from carbon pollution.
In 2018, although some companies have publicly supported the Paris climate agreement to limit harmful warming, none of these companies has set company-wide emissions reduction targets consistent with this goal. Many continue to downplay or misrepresent climate science and the dangers of carbon emissions, and all continue to support trade groups that spread climate disinformation and work to stymie needed climate policies...
We evaluated eight companies on 28 metrics, organized in four broad areas:
- Disinformation: Have these companies stopped spreading disinformation about climate science and policies?
- Business Planning: Do these companies’ business plans align with a world free from carbon pollution?
- Policies: Do these companies support fair and effective climate policies?
- Disclosure: Are these companies fully disclosing the financial and physical risks of climate change to their business operations?"