The Danger of Big Oil’s New Methane Emissions Pledge
On Monday, 62 oil majors that represent 30% of the world’s oil and gas production signed an international agreement to report methane emissions with a far higher level of transparency.
The pledge is the latest sign that the climate movement has fossil fuel companies sweating. Recent years have seen a massive uptick in protests, lawsuits, and policy proposals demanding the world draw down its greenhouse gas emissions, and the pledge is a sign that corporations can’t ignore those calls any longer.
“For decades, the game plan of the oil majors like Exxon, Shell, and likely many others, was to deny the problem itself,” Sriram Madhusoodanan, deputy campaigns director of Corporate Accountability, said, referring to the troves of evidence that these fossil fuel giants waged misinformation campaigns to quell knowledge of the dangers their products pose to the climate. “What’s clear is the lengths that the industry is going to now, in order to appear that they’re responding to campaigners. It’s a testament to the broader pressure that they’re feeling right now.”
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