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After years of campaigning against corporate damage they see significant signs of progress, albeit with caveats. “I think there is reason to be optimistic but also to be extremely cautious. It’s both moving in the right direction and greenwashing,” said Josh Axelrod, the senior advocate at the Natural Resources Defense Council. Axelrod focuses on energy and oil and gas issues and notes that BP and Shell have committed to net zero by 2050. “Well what does that really mean? Are they really going to cut emissions or rely on offsets or rely on technology that hasn’t really demonstrated that it can do what it says it’s going to do? The answer, especially for Shell, is unfortunately the latter.”
After years of campaigning against corporate damage they see significant signs of progress, albeit with caveats. “I think there is reason to be optimistic but also to be extremely cautious. It’s both moving in the right direction and greenwashing,” said Josh Axelrod, the senior advocate at the Natural Resources Defense Council. Axelrod focuses on energy and oil and gas issues and notes that BP and Shell have committed to net zero by 2050. “Well what does that really mean? Are they really going to cut emissions or rely on offsets or rely on technology that hasn’t really demonstrated that it can do what it says it’s going to do? The answer, especially for Shell, is unfortunately the latter.”
Major money managers and big corporations which combined revenue of over $11.4tn and are responsible for 3.5 gigatonnes in greenhouse gas emissions are now seeing green (to keep their green!).
Major money managers and big corporations which combined revenue of over $11.4tn and are responsible for 3.5 gigatonnes in greenhouse gas emissions are now seeing green (to keep their green!).
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