Read on Twitter
In this AGM season expect lots of debate on if BP, Shell, ExxonMobil, Chevron etc will decarbonise fast enough and how investors can pressure them
Here’s a thread about why that conversation needs to be expanded if we want vast majority fossil fuels to stay in the ground
#COP26
Here’s a thread about why that conversation needs to be expanded if we want vast majority fossil fuels to stay in the ground
#COP26
My predictions for BP (12 May) and Shell AGMs (18 May).
- People will say their net zero plans are “credible”, not Paris aligned or greenwash.
- BP and Shell presented as “leaders” compared to “laggards” like ExxonMobil and Chevron.
BUT a key debate will probably be overlooked
- People will say their net zero plans are “credible”, not Paris aligned or greenwash.
- BP and Shell presented as “leaders” compared to “laggards” like ExxonMobil and Chevron.
BUT a key debate will probably be overlooked
Alongside BP and Shell’s plans we need to discuss what government can do. Why?
Big oil & gas companies can't be trusted to decarbonise in line with climate science (see new research
https://www.sciencedirect.com/science/article/pii/S2214629621001420)
Research on past energy transitions shows government played vital role
Big oil & gas companies can't be trusted to decarbonise in line with climate science (see new research
https://www.sciencedirect.com/science/article/pii/S2214629621001420)
Research on past energy transitions shows government played vital role
Comparing BP and ExxonMobil voluntary targets (“reach net zero by 2050 or sooner”) buys them more time to sell oil & gas because it fills up space where debate should be happening on when governments will phase out USE of fossil fuels -that's what REAL #ClimateAction 
looks like
looks like
BP, Shell, Chevron, ExxonMobil, etc want stakeholders to trust that a government-led phase out of fossil fuels is unnecessary and that they should be left to pursue their own emissions reductions and renewable energy investment targets at their own speed (hint: never)
BP, Shell etc prefer voluntary approach which is why they're blocking being forced to end oil & gas extraction in short-term by government.
As @CarbonBubble finds “technical & economic barriers have been crossed, only impediment to change is political” https://carbontracker.org/reports/the-skys-the-limit-solar-wind/
As @CarbonBubble finds “technical & economic barriers have been crossed, only impediment to change is political” https://carbontracker.org/reports/the-skys-the-limit-solar-wind/
Clearly a phase out of fossil fuels will take years, but it should START asap. We need answers to e.g.
1) How will it happen?
2) Who will be involved?
3) What mix public and private investment to REPLACE fossil fuels?
4) How to galvanize green entrepreneurs and innovation?
1) How will it happen?
2) Who will be involved?
3) What mix public and private investment to REPLACE fossil fuels?
4) How to galvanize green entrepreneurs and innovation?
When you write articles on BP and Shell AGM's and net zero plans please consider above thread @emilygosden @JH_Ambrose @jonathanwatts @JavierBlas @JLeeEnergy @aaronrutkoff @Jess_Shankleman @MadeleineCuff @lc_hurst @NasrallaShadia @pilitaclark @ronbousso1 @AnjliRaval @justinjfj
When you write about BP and Shell AGM's and net zero plans please consider above thread
@HelenCRobertson @CollinEatonHC
@derek_brower @OilSheppard @AttractaMooney
@SamiGrover @Ben_Geman @afreedma
@tomespiner @edthicknesse @milturner
@Market_Tactics @yannicrack @jenjohn_
@HelenCRobertson @CollinEatonHC
@derek_brower @OilSheppard @AttractaMooney
@SamiGrover @Ben_Geman @afreedma
@tomespiner @edthicknesse @milturner
@Market_Tactics @yannicrack @jenjohn_
When you respond to BP and Shell AGM's and net zero plans please consider above thread @greentechlady @vivwalt @SteveHanleyRI @KetanJ0 @amywestervelt @MaryHeglar @melllevans @R_BrooksStand @yossicadan @kellyatrout @SEI_Erickson
@JeanneMartin25 @kathy_mulvey @emorwee @katearonoff
@JeanneMartin25 @kathy_mulvey @emorwee @katearonoff
