Oil and gas companies worsen climate change, according to a hundred NGOs

Oil and gas companies worsen climate change according to a

A new complaint against Total Energies was filed in Paris this Tuesday, May 21 for contributing to climate change and its fatal impact on human and non-human lives. At the same time, the oil and gas group Shell is holding its general meeting in London. During the latter, the new company strategy must be adopted. This must say less about the climate than the current one. Chevron, ExxonMobil, BP are also increasingly criticized for their inaction in the face of the climate crisis. Big Oil and the oil and gas majors are accused of making the situation worse, according to a report from around a hundred NGOs.

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“The oil and gas majors are worsening the climate crisis “. This is the name of the report published this Tuesday by around a hundred NGOs. Chevron, BP, ExxonMobil, Shell, TotalEnergies, Eni, Equinor, Conoco Philips… Eight majors, as they say, capable of single-handedly derailing international agreements on climate.

None of these eight oil and gas majors have a climate plan that is aligned with the Paris Agreement and even less with the recent decision of COP28 to exit fossil fuels. We even have six of these eight companies that have an explicit objective of increasing oil and gas production in the short term. If we look at their oil and gas production trajectory over the coming years, these are trajectories that we find in scenarios of warming at 2.4 degrees instead of the 1.5 degrees of the Paris Agreement », Explains Romain Ioualalen, head of international policies at the NGO Oil Change International.

This expansion strategy goes against all the recommendations, first and foremost those of the International Energy Agency which is very clear: we must no longer invest in new oil and gas installations.

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