Stock Markets News
Stock and Market News

Exxon, Chevron, BP and Others Called to Testify on Climate Disinformation


The House Oversight Committee has widened its inquiry into the oil and gas industry’s role in spreading disinformation about the role of fossil fuels in causing global warming, calling on top executives from Exxon Mobil, Chevron, BP and Royal Dutch Shell, as well as the lobby groups American Petroleum Institute and the United States Chamber of Commerce, to testify before Congress next month.

The move comes as Washington is wrestling with major climate legislation intended to slash the nation’s reliance on oil and gas, and in a year of climate disasters that have affected millions of Americans. Raging wildfires in the West burned more than two million acres, one of the strongest hurricanes ever to make landfall in the United States left a path of destruction from Louisiana to New York City, and heat waves smashed records and delivered life-threatening conditions to regions unaccustomed to extreme heat.

Thursday’s demands from the powerful Oversight Committee put senior executives from some of the world’s largest oil companies at the center of an investigation into the role their industry has played in undermining the scientific consensus that the burning of fossil fuels is a root cause of global warming.

“We are deeply concerned that the fossil fuel industry has reaped massive profits for decades while contributing to climate change that is devastating American communities, costing taxpayers billions of dollars, and ravaging the natural world,” read the letter to Darren Woods, the Exxon chief executive.

“We are also concerned that to protect those profits, the industry has reportedly led a coordinated effort to spread disinformation to mislead the public and prevent crucial action to address climate change,” the letter said.

The letters were sent to the companies and groups Thursday morning, and also requested information including internal documents and emails on climate policy going back to 2015 related to the companies’ and groups’ efforts to undermine climate policy.

Carolyn B. Maloney, a Democrat of New York, and the committee chairman, said she “intends to hold the fossil fuel industry to account for its central role in causing and exacerbating this global emergency.”

Bethany Aronhalt, a spokeswoman for API, a powerful industry voice, said that the group “welcomes the opportunity to testify” and that its priorities were putting a price on carbon, regulating methane, which is a powerful greenhouse gas released in oil and gas production, and “reliably producing American energy.” The API is lobbying Congress against a tax on methane, saying it would prefer federal regulations on emissions.

BP said it was also advocating for policies such as carbon pricing and regulating methane that would help the world meet the goals of the Paris climate agreement, the pact between nations to try to limit global temperature increase to within 1.5 degrees Celsius of 1990 levels.

Matt Letourneau, a spokesman for the U.S. Chamber of Commerce, said the House committee’s leadership had “a fundamental misunderstanding” of the Chamber’s positions on climate change. “We’ve been working hard with members of Congress from both sides of the aisle to enact climate solutions,” he said.

Other recipients of the letters didn’t respond to requests for comment on Thursday.

The inquiry, modeled on the tobacco hearings of the 1990s that paved the way for far tougher nicotine regulations, sets up a showdown between progressive Democrats pressing for action to fight climate change and an industry that faces increasing scrutiny. A wave of lawsuits filed by cities and states across the country has accused oil and gas companies of engaging in decades-long, multimillion-dollar campaigns to downplay warnings from their own scientists about the effects burning fossil fuels has on the climate. And a diverse cast of actors, from environmentalists and children’s rights advocates to corporate shareholders, are pressing the energy giants to diversify away from oil and gas, and reduce their carbon footprints.

The burning of fossil fuels like oil and gas releases carbon dioxide into the atmosphere, where it is a major contributor to global warming because it traps heat. In addition, oil and gas production leads to the release of methane, an even more potent greenhouse gas.

Limiting the global temperature rise to 1.5 degrees Celsius would require the world, among other measures, to immediately stop approving new oil and gas fields, according to a scenario put forward by the world’s leading energy agency. That is a step that no major fossil fuel company has embraced.

The committee had initially focused on Exxon after a senior lobbyist at the oil giant was caught in a secret video recording, made public in July,…



Read More: Exxon, Chevron, BP and Others Called to Testify on Climate Disinformation

Leave A Reply

Your email address will not be published.

Get more stuff like this
in your inbox

Subscribe to our mailing list and get interesting stuff and updates to your email inbox.

Thank you for subscribing.

Something went wrong.