“Big Oil Reality Check,” was released 24th May 2022 by Washington, DC-based Oil Change International
in collaboration with over 35 global organizations. The report, which
updates a 2020 study, analyzes the latest climate pledges of
BP, Chevron, Eni, Equinor, ExxonMobil, Repsol, Shell, and TotalEnergies
against alignment with the 1.5C temperature
goal in the Paris Agreement. The report lists over 200 expansion projects by the majors over the next 3 years that could create an additional 8.6 billion tonnes (Gt) of emissions. All eight companies’ climate pledges were judged as grossly insufficient! Time to change direction?