The United Nations campaign Race to Zero
recently published a paper identifying 20 pathways to reach net zero carbon emissions. In December, the British Oil & Gas Authority published a requirement that oil and gas development be “consistent with net zero” (despite approval of new offshore permits). BP, Shell and other multinational companies have all now published their “net zero” pathways.
If it wasn’t so serious, the premise would almost be comical: oil companies are claiming that not only can they keep their current levels of production, but expand their operations that extract and refine fossil fuels. They would have us believe that by planting trees and using largely unproven, expensive, and thus far inefficient carbon-capture technologies, they can reach “net-zero” and solve the climate crisis – all while continuing to grow fossil fuel production.
This argument is delusional and based on bad science. To have any realistic shot at maintaining a 1.5C world, [an increase in average worldwide temperature of max 1.5 degrees] we need to be winding down and phasing out fossil fuel production, not growing it – as its executives are incentivised to do. read more
Prince Charles' Terra Carta is calling for businesses to make a pledge toward climate and biodiversity.
The Terra Carta, or Earth’s charter, is named after the 800 year old Magna Carta in England that first enshrined rights under a monarchy. Prince Charles has long been a voice (and often a lone voice) defending the environment and he is supporting calls to recognise the climate catastrophe we are heading towards.
But ....Has Prince Charles' Nature Pledge been Undermined by including Fossil Fuel Producers? At the end of March the main partners include: HSBC, BP, KPMG and EY. As regular readers will know, HSBC has been one of the major funders of Fossil Fuel exploration (it still is although there are small signs of this changing), BP are one of the biggest extractors of fossil fuels and polluters of our world and KPMG and EY are consultants who have Oil and Gas companies as clients. KPMG act for Halliburton (one of the biggest oil services firms) and Occidental Petroleum Company along with a collection of banks who continue to fund fossil fuel exploration. EY's clients include ConocoPhilipps (strapline: "We produce oil and gas resources that power civilization.") and National Oilwell Varco - a supplier of equipment and components used in oil and gas drilling and production operations. And also CocaCola (one of the biggest users of plastic in the world).
Surely it can't be that difficult to get funding for such a great idea from companies that are not so compromised in destroying the planet?
So while we don't think Terra Carta is involved in Greenwash it does seem that a collection of other companies are using it to Greenwash their own activities.