Global energy companies have been promising a transition to clean energy – or at least to reduce their carbon footprints – but a new study concludes that they're underperforming on their targets.
February 17, 2022
“We thus conclude that the transition to clean energy business models is not occurring, since the magnitude of investments and actions does not match discourse,” the researchers at Tohoku University and Kyoto University in Japan said. For example, the paper said BP and Shell have vowed to reduce investments in fossil fuel extraction projects. Instead, they have increased acreage for new oil and gas exploration in recent years.
Also, the two European companies — BP and Shell — more consistently acknowledged climate science, invested more on clean energy and took more aggressive steps than their American counterparts — ExxonMobil and Chevron — which “exhibit defensive attitudes” toward investing in renewable energy and moving away from fossil fuels, the paper foundA spokesperson for Chevron, based in San Ramon, Calif.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Alaska News Nightly: Tuesday, February 15, 2022 - Alaska Public MediaTonight on Alaska News Nightly: Police dashcam footage raises new questions around the 2019 shooting of a Black man in Anchorage. Also, Alaska Native Juneau residents gather to honor missing loved ones. Listen here:
Read more »
'Black in Alaska' profiles lives and successes of Black Alaskans - Alaska Public MediaA new multimedia project called Black in Alaska aims to improve how Black Alaskans are represented in the media and increase their visibility. Anyone can submit an individual to be profiled, as long as they live in Alaska.
Read more »
Alaska News Nightly: Wednesday, February 16, 2022 - Alaska Public MediaTonight on Alaska News Nightly: COVID cases and hospitalizations continue to drop. Some tribal organizations feel left out of a bycatch task force. And after surviving an avalanche, an Alaskan writer faces post-traumatic stress and grief. Listen here:
Read more »
New to Alaska, Filipino teachers find their rhythm in Aniak - Alaska Public MediaAt the Kuspuk School District, 19 of its 21 new teachers are from the Philippines. They say the salary, in part, lured them to Western Alaska. Also, some came for the snow. Now they have to decide whether they'll stay another year.
Read more »
Alaska avalanche survivor and winning essayist spent years digging out of PTSD - Alaska Public MediaJoe Yelverton says the real survival story isn’t about making it out of the mountains after the avalanche. It’s about pulling himself out of the post-traumatic stress and grief that buried him for years, almost killing him long after the snow had settled.
Read more »
Petersburg reports large COVID outbreak at borough’s assisted living facility - Alaska Public MediaAs of Monday, the outbreak at the borough’s Mountain View Manor assisted living wing involved one death and at least 10 people testing positive.
Read more »