A poster put up by environmental activists from Fridays for Future in front of Deutsche Bank’s headquarters in Frankfurt, Germany, reads: ‘Deutsche Bank - Greenwashing kills, get out of coal, oil and gas!’
Despite irrefutable proof of the mortal damage caused to people and planet by Big Oil, and despite the fact that the extraction of fossil fuels remains their core business, major oil companies continue to pump false narratives about their supposedly ‘climate-friendly’ business models. While ExxonMobil and BP claim to be “Advancing climate solutions” and “Advancing the energy transition”, Shell is pledging “Net zero emissions by 2050” while Chevron claims to be producing “Ever-cleaner energy”. However, the rhetoric does not match the reality. This is greenwash.
Despite being responsible for 10 per cent of global emissions since 1965, a new peer-reviewed academic paper on the clean-energy claims of the four biggest oil companies – the first and most comprehensive analysis of its kind – shows “a continuing business model dependence on fossil fuels along with insignificant and opaque spending on clean energy”. In essence, no green transition is actually taking place with fossil fuel multinationals.
In fact, at a time where we should be transitioning to 100 per cent renewable energy, the 20 largest oil majors are projected to spend US$1.5 trillion developing fossil fuel sources by 2041, according to Global Witness and Oil Change International. Why is there such a monumental...
Kolkata: Kolkata Police has been grappling with a fresh challenge since the past week — controlling fake news. While it initially started with fake circulars, beginning with "restrictions" on cert...