Despite Buckets Of Paris Greenwash, Most Oil Majors Silent On Actual Climate Action
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Spokespeople for BP, ConocoPhillips, Chevron Corp. and Phillips 66, in responses to questions from ClimateWire, did not explain how the Paris deal could change their corporate plans or their companies' strategies. Officials with Statoil could not be reached. Meanwhile, a Chevron Corp. spokeswoman, asked twice if the Paris agreement in any way changed the company's strategy, stuck to a verbatim statement.
Fossil fuel use, the official said, is "a contributor to rising greenhouse gases," climate solutions must be cost-effective, and governments should not subsidize some energy sources over others. For Royal Dutch Shell PLC, Paris was a signal to continue on its current path. Curtis Smith, spokesman, said the deal "reinforces our approach."
He noted that the global agreement underscores the need for carbon capture and storage technology, an expensive emissions-trapping method Shell has long prioritized, as well as the importance of natural gas. Shell has money in a hydrogen-electric vehicle network in Germany and supports a "strong and stable government-led" carbon tax, he added.
"We also recognize renewable energy options are growing and becoming more competitive in supplying electricity, interplaying well with flexible, lower carbon natural gas power," Smith said in an email.
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