Clean energy discourse from energy giants not reflected in investment

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(A) Total score of the pledge (b) Total score of the action. The results show that the pledge and action scores are fairly high for all companies (the highest pledge scores are 14 and 11 for actions). Both companies have promised and set goals for the transition to clean energy rather than concrete action. The delayed situation of US companies Chevron and ExxonMobil is clearly shown in graph (b). Credit: Li et al. , 2022, PLOS ONECC-BY 4.0 (

A 12-year analysis of BP, Chevron, ExxonMobil and Shell revealed that their discourses and pledges related to the transition to clean energy were inconsistent with their business activities and investments. MeiLi et al. Of Tohoku University in Japan publish these findings in an open access journal. PLOS ONE February 16, 2022.

With large oil Gas company Through the emission of greenhouse gases, we have contributed significantly to global climate change. Data show that net global carbon dioxide emissions must reach zero by 2050 to avoid dangerous climate change. Energy company Announced plans to move from Fossil fuel Clean up alternatives, but previous studies suggest limited progress.

To gain deeper insight into clean energy migration activities, Li et al. Analyzed four energy giants, BP, Chevron, ExxonMobil, and Shell, which have accounted for more than 10% of carbon emissions worldwide since 1965. It was conducted. They evaluated each company from 2009 to 2020 Business strategy, Financial dataAnd keywords related to the transition of the annual report.

Analysis shows that from 2009 to 2020, corporate annual reports have increased discourse related to the keywords “climate,” “low carbon,” and “transition,” especially for BP and shell. It became clear. The business strategy has shown a move towards decarbonization and clean energy models, but this progress has been made primarily in the form of pledges rather than concrete actions. According to financial data, all four companies’ business models rely on fossil fuels, with little investment in clean energy.

Researchers conclude that none of the four companies are currently moving from fossil fuels to clean energy, and that the accusations of misleading messages by companies seem well-founded.

Future research may help review these findings and investigate the specific factors underlying the mismatch between corporate discourse, behavior, and investment.

The author adds: Clean energy No business model has arisen because the scale of investment and action does not match the discourse. ”

“Greenwashing” or real? : Climate promise behind big companies

For more information:
Li M, Trencher G, Asuka J (2022) BP, Chevron, ExxonMobil, Shell’s Clean Energy Claims: Discourse, Action, Investment Mismatch. PLoS ONE 17 (2): e0263596.

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Clean energy discourse from energy giants not reflected in investment

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