Oil giants spend more than $200 million lobbying against climate legislation

by Niall McCarthy, Forbes

Every year, the world’s five largest publicly owned oil and gas companies spend approximately $200 million on lobbying designed to control, delay or block binding climate-motivated policy. This has caused problems for governments seeking to implement policies in the wake of the Paris Agreement which are vital in meeting climate change targets. Companies are generally reluctant to disclose such lobbying expenditure and late last week, a report from InfluenceMap used a methodology focusing on the best available records along with intensive research of corporate messaging to gauge their level of influence on initiatives to halt climate change.

BP has the highest annual expenditure on climate lobbying at $53 million, followed by Shell with $49 million and ExxonMobil with $41 million. Chevron and Total each spend around $29 million every year. InfluenceMap states that part of the lobby spend goes towards sophisticated efforts to engage politicians and the general public on environmental policies that could impact fossil fuel usage. A recent example of this is BP coordinating messages across its social media channels and advertising platforms that reframe the climate crisis as a “dual” energy challenge.

Read more: https://www.forbes.com/sites/niallmccarthy/2019/03/25/oil-and-gas-giants-spend-millions-lobbying-to-block-climate-change-policies-infographic/?fbclid=IwAR3BHSeIrcqrMfsiQLkKSKxEscQsjENehIHEQ-I5pZWZLUBdg46D1aqme7o#368529117c4f

0 replies

Leave a Reply

Want to join the discussion?
Feel free to contribute!

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.