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07/10/2004

Esso admits: 'no targets for CO2 Emissions'

So much for Esso’s slick ad’s about reducing greenhouse gasses, the company has just released new figures which reveal its emissions rose again last year by 2%. At 135.6 million tonnes per year, Esso (or ExxonMobil) is now producing more than twice the CO2 pollution of Norway. What’s more, Esso admits the company has still not set voluntary emissions reduction targets for itself.

BP, on the other hand, have been setting targets to reduce their own emissions since 1998. Esso’s emissions are now more than 50% higher than those of BP, despite Esso’s oil and gas production being only slightly larger.

The growing levels of pollution from Esso come on the back of annual profits of $17bn (£9.4bn), the largest ever in the corporate world.

Embarrassment

Esso’s growing CO2 emissions are doubly embarrassing for the company. Not only has its recent ad’s claimed the company is reducing emissions, Esso have always argued that voluntary emissions reductions should be favoured over regulation.

The company and the numerous right wing ‘think tanks’ it funds (see exxonsecrets.org) have repeatedly dismissed the case for the Kyoto protocol – negotiated by world governments to tackle the problem of climate change. The news that the company has no targets for reducing emissions and is in fact letting them grow, shows its position up as nothing more than cynical self interest.

Unlike BP, Esso also continue to deny a definite link between the emission of heat trapping greenhouse gases, such as carbon dioxide, and global warming. Esso has used this position to underpin its efforts to derail the international Kyoto treaty which commits industrialised countries to improving efficiency and reducing emissions.

News of Esso’s unwillingness to tackle its own emissions will be of interest to lawyers currently exploring ways that oil companies might be sued for the damage caused by climate change. Esso has already been identified as a potential target for litigation because of its efforts to stop the world from tackling global warming.

Read more

Exxon admits greenhouse gas increase, The Guardian, 7th October


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