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24/05/2003 ExxonMobil is now alone among the four "supermajor" oil companies in refusing to take meaningful action to mitigate the growing risks posed by global warming, according to a study released today by Claros Consulting of London, England. The Claros report notes that a host of global warming events and trends converging over the last year have "significantly increased" the climate-related risks to the wealth of ExxonMobil shareholders. According to the study, three of the four supermajor oil and gas companies - Shell, BP, and ChevronTexaco - are using and exploring a wide array of energy and risk management options to deal with such factors as emerging carbon constraints, greenhouse gas emissions trading and new energy mandates. These strategies include incorporating "carbon pricing" into future planning scenarios and decisions, setting emissions reductions targets, developing emissions trading experience and investing in renewable energy. ExxonMobil is not reporting the use of any of these strategies or other steps to manage the risks of climate change. [Previous entry: "Protests across the UK"] [Main Index] [Next entry: "Shareholder protest rises"] |
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Latest Campaign News KYOTO MARCH - Saturday 12 February 2005 In February the Kyoto Protocol finally comes into force. Join the Campaign Against Climate Change on a march in central London to mark the occassion by protesting the US' refusal to join the Protocol. Assemble at Lincoln's Inn Fields at 11.30. For more information go to www.campaign againstclimatechange.net Esso up to old tricks on Kyoto Governments from around the world met in Buenos Aires to discuss protecting the climate under the Kyoto Protocol. Greenpeace sent a delegation to the conference to keep an eye on the activities of Esso and other fossil fuel lobbies.more "Global warming is a conspiracy against America" As a taste of what is to come during a second Bush term Myron Ebell, an advisor to President Bush on climate issues, recently argued that global warming is a myth cooked up by the EU to 'hamper American competitiveness'... more Russia Ratifies The Russian parliament have voted to ratify the Kyoto Protocol, which brings the treaty into force... more Chief Scientist: we need immediate action on climate change "Action is affordable, inaction is certainly not," says Sir David King, the UK governments chief scientist...more |
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