Big Oil Companies' , Actions Fail to Meet , Clean Energy Promises.<br />New research suggests that four <br />major oil companies have failed <br />to take action that lives up to their <br />promises to transition to clean energy. .<br />NPR reports that the study was published <br />on February 16 in the journal 'PLOS One.' .<br />The study found that Chevron, ExxonMobil, BP <br />and Shell all used buzz words like "climate" <br />and "low-carbon" in recent annual reports. .<br />The study found that Chevron, ExxonMobil, BP <br />and Shell all used buzz words like "climate" <br />and "low-carbon" in recent annual reports. .<br />The study found that Chevron, ExxonMobil, BP <br />and Shell all used buzz words like "climate" <br />and "low-carbon" in recent annual reports. .<br />The study found that Chevron, ExxonMobil, BP <br />and Shell all used buzz words like "climate" <br />and "low-carbon" in recent annual reports. .<br />However, the oil companies have failed <br />to take action and remain financially <br />dependent on fossil fuels. .<br />We thus conclude that the transition <br />to clean energy business models is not <br />occurring, since the magnitude <br />of investments and actions <br />does not match discourse, Researchers at Tohoku University <br />and Kyoto University in Japan, via NPR.<br />Until actions and investment behavior <br />are brought into alignment with discourse, <br />accusations of greenwashing <br />appear well-founded, Researchers at Tohoku University <br />and Kyoto University in Japan, via NPR.<br />According to the study, those four <br />oil companies alone account for over <br />10% of global carbon emissions since 1965. .<br />The research shows that while BP and Shell have pledged <br />to reduce investment in fossil fuels, they have actually <br />increased acreage for new oil and gas exploration. .<br />According to the study, ExxonMobil failed to generate any clean energy between 2009 and 2020. .<br />NPR reports that the oil companies have defended their actions and detailed plans that extend as far into the future as 2050 to reach net-zero emissions.
