Chevron
Climate warning
Climate warning
Markus Lutteman
3 d
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Chevrons carbon offsets are ”mostly junk”
The fossil fuel company Chevron relies on “junk” carbon offsets which are so bad, that in some cases they may actually cause communities harm, according a new report.
Corporate Accountability, a transnational corporate watchdog, has published a new investigation that shows that 93% of the offsets Chevron bought as part of its climate targets between 2020 and 2022 were too environmentally problematic to be classified as anything other than worthless or junk.
The report concludes that ”a major proportion of the schemes it’s investing in as part of its ‘net zero’ plan are linked to claims of local community abuse, environmental degradation, and/or may even be fueling further emissions. Almost all of the harm claimed to have been inflicted is on communities in the Global South.”
Chevron – infamous for continuously lobbying against a green transition – has said that it “aspires” to achieve net zero upstream emissions by 2050. To do this, it is mostly relying on carbon offset schemes – environmental projects meant to cancel out its greenhouse gas emissions – and carbon capture and storage (CCS) technologies.
According to @the_guardian, Chevron reported $35.5bn in profits last year, and is the US’s second-largest fossil fuel company.
Read more:
Report: Chevron's junk agenda Report: Chevron's junk agenda | Corporate Accountability
Recent findings suggest that Chevron appears to be preventing, not promoting, policies and regulations needed to avert climate catastrophe.
https://corporateaccountability.org/resources/chevrons-junk-agenda-report/
‘Worthless’: Chevron’s carbon offsets are mostly junk and some may harm, research says
Exclusive: investigation finds energy giant’s efforts to offset its huge emissions rely on schemes with little impact
https://www.theguardian.com/environment/2023/may/24/chevron-carbon-offset-climate-crisis
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2 d
Chevron should change the strategy to reduce carbon emissions
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This is really unfortunate... @Chevron should change its strategies and ensure that it reduces is ts carbon offset
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Surely!!How has this been happening in the eyes of agencies tasked with tackling greewashing issues?
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We Don't Have Time•
2 d
I detest their greenwashing schemes all the time.
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Chevron is not a climate clown 🤡 but the whole circus 🎪
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Chevron 🤝 bad decisions
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Many companies benefiting from fossil fuels really do not care about the climate change. Its just not part of their core concerns but they have to be forced to care.