It appears that most respondents downplayed their role in mitigating the
effects of climate change. Some emphasize the burden on governments to develop
better climate policies.13 Other respondents call on collaboration among
government, industry, and other stakeholders as if the actions of all contribute
equally to climate change,14 despite studies, such as the Carbon Majors research by
Richard Heede,15 demonstrating otherwise.
A significant number of companies showed some increase in investment on
low-carbon energy sources going forward. Low-carbon may still include climate
polluting gas.16 Additionally, some companies have expressed support for
implementing carbon capture, use, and storage technology, yet failed to disclose
their investment in developing these yet unproven and not commercially viable
technologies.17
Finally, there is a mismatch between some companies’ climate change
commitments and their on-the-ground advocacy, based on research by
InfluenceMap.
• BHP Billiton has supported carbon taxing, energy intensity trading schemes,
and technology-neutral approaches to emission reduction, while opposing
renewable energy policies in and defending some fossil fuel subsidies in
Australia.18
• Total S.A. has expressed support for an energy mix that is in line with the
IEA’s 2°C, a price on carbon in the EU and the US. Yet, it appears that it has
conditioned on rollbacks of significant climate change regulations like the
Report.pdf, last accessed on 12 September 2019). Eni stated that its Stakeholder Management System “tool allows to
survey and visualize, through a map, the relations with each category of stakeholder, highlighting any areas for
improvement, with the possibility of better investigating the potential impacts on human rights, tracing the presence
of vulnerable groups and the presence of areas of naturalistic and/or cultural value around the areas of activity,
enabling a more conscious management of the operational realities.” ENI S.P.A. (2018), Annual Report 2018, p. 15,
available at https://www.eni.com/docs/en_IT/enicom/publications-archive/publications/reports/reports2018/Annual-Report-2018.pdf (last accessed on 12 September 2019).
13 BHP Billiton (2018), Annual Report, supra note 10.
14 E.g. Hess Corp., 2018 Annual Report, pp. 9-10, available at https://investors.hess.com/static-files/f0375fc7-bcbb4b34-a984-c17c26cde53a (last accessed on 12 September 2019).
15 See documentary exhibits submitted by the petitioners: Exhibit “TTTT-A” to “TTTT-A-3,” Climate
Accountability Institute, Press Release on Update of Carbon Majors Project, p. 1 (Updating Richard Heede’s 2013
study: see Exhibit “TTTT” to “TTTT-1,” Climate Accountability Institute, Press Release on Update of Carbon
Majors Project; Exhibit “UUUU” to “UUUU-103,” Carbon Majors: Accounting for Carbon and Methane
Emissions 1854-2010 Methods and Results Report; and Exhibit “VVVV” to “VVVV-14,” Tracing Anthropogenic
Carbon Dioxide and Methane Emissions to Fossil Fuel and Cement Producers, 1854-2010).
16 See Royal Dutch Shell (31 December 2018), Annual Report, p. 9, available at https://reports.shell.com/annualreport/2018/servicepages/downloads/files/shell_annual_report_2018.pdf (last accessed on 12 September 2019).
“Natural gas will play a key role in the transition to a lower-carbon global energy system over the next few decades,
with liquefied natural gas (LNG) shipments playing an increasingly important part. This is one of the driving forces
behind our taking the final investment decision in 2018 on LNG Canada, a major project in which Shell has a 40%
interest.”
17 LafargeHolcim Ltd. (2018), Annual Report 2018, p. 71, available at
https://www.lafargeholcim.com/sites/lafargeholcim.com/files/atoms/files/04172019-financelafargeholcim_fy_annual_report-en.pdf (last accessed on 12 September 2019). Companies such as LafargeHolcim
mention their intent to invest in carbon capture and storage in the future, but give no monetary, timeline, feasibility
assessment specific commitments and due diligence on the impacts.
18 InfluenceMap, BHP, available at https://influencemap.org/company/BHP-Billiton (last accessed on 12 September
2019).
Annex D: Corporate Statements on Climate Change and Human Rights |
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