Monday, January 30, 2023

A US congressional committee admonishes oil companies for climate hypocrisy

Washington, Dec 9 (IANS) A US Congressional committee on Friday criticized the oil sector for not doing enough to reduce its emissions and accelerate the transition to clean energy.

The House Committee on Oversight and Reform emphasized in a report that. Although Big Oil has acknowledged that their products are causing the climate crisis, the industry has no “real plan” to reverse the situation.

“Those companies know their climate commitments are insufficient, but they are prioritizing their record profits over the human costs of climate change. It’s time to stop lying to Americans and take real steps to reduce emissions.” Pick up,” the company said. The chairperson of that commission, Caroline Maloney.

Fossil fuel companies, according to that document, privately acknowledge that they have pursued a strategy aimed at “resisting and circumventing” climate regulations, and that they will cut their emissions only if doing so makes commercial sense. comes in

The sector also recognizes that a key part of its climate plans, such as selling assets to other oil companies, “will not reduce emissions,” says the committee, which includes large firms such as BP, Chevron, Exxon and Shell. .

These entities have “struggled to conceal the truth about their practices by refusing to fully comply with committee subpoenas and by attacking journalists who expose their conduct,” adds the document, which highlights that industry The role is part of a parliamentary inquiry. The spread of climate misinformation.

“We cannot solve the climate crisis until we solve the misinformation crisis. Big Oil has misled the American public for decades about the reality of the climate crisis. It is time to end such disinformation. The entire industry must be held accountable for its role in funding and dissemination.” Ro Khanna, chairman of the environment subcommittee, said.

The committee questioned the CEOs of Exxon, Chevron, BP, the American Petroleum Institute (API) and the US Chamber of Commerce under oath about their work.

Despite public promises that fossil fuels are only a “bridge” to cleaner energy sources, the sector has doubled down on its long-term reliance on the former with no real intention of changing plans.

Nation World News Desk
Nation World News Desk
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