Ad campaigns hide investment in a huge expansion of oil and gas extraction, says InfluenceMap
The largest five stock market listed oil and gas companies spend nearly $200m (£153m) a year lobbying to delay, control or block policies to tackle climate change, according to a new report.
Chevron, BP and ExxonMobil were the main companies leading the field in direct lobbying to push against a climate policy to tackle global warming, the report said.
Increasingly they are using social media to successfully push their agenda to weaken and oppose any meaningful legislation to tackle global warming.
In the run-up to the US midterm elections last year $2m was spent on targeted Facebook and Instagram ads by global oil giants and their industry bodies, promoting the benefits of increased fossil fuel production, according to the report published on Friday by InfluenceMap.
Separately, BP donated $13m to a campaign, also supported by Chevron, that successfully stopped a carbon tax in Washington state – $1m of which was spent on social media ads, the research shows.
Edward Collins, the report’s author, analysed corporate spending on lobbying, briefing and advertising, and assessed what proportion was dedicated to climate issues.
“Oil majors’ climate branding sounds increasingly hollow and their credibility is on the line. They publicly support climate action while lobbying against binding policy. They advocate low-carbon solutions but such investments are dwarfed by spending on expanding their fossil fuel business.”
After the Paris climate agreement in 2015 the large integrated oil and gas companies said they supported a price on carbon and formed groups like the Oil and Gas Climate Initiative which promote voluntary measures.
But, the report states, there is a glaring gap between their words and their actions.
The five publicly listed oil majors – ExxonMobil, Shell, Chevron, BP and Total – now spend about $195m a year on branding campaigns suggesting they support action against climate change.
Read more: The Guardian