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Turning COP into a venue for greenwashing Oil and gas did not show up to the COP party uninvited. According to a report by the London-based NGO Global Witness, 503 fossil fuel lobbyists attended the COP26 meeting in Glasgow in 2021. They are granted pavilions, theyre given official space for their greenwashing. As former U.S.
Cancelling oil industry greenwash There’s a growing consensus that the PR companies involved in greenwashed campaigns need to be held to account. It dismissed a petition that circulated at COP26, asking it to cut ties with the fossil fuel industry. As climate awareness grew, Big Oil’s advertising budgets exploded.
According to figures published by The Global Sustainable Investment Alliance in 2021, Japan’s total sustainably invested assets stood at US$42,874 billion in 2020, representing a more than fivefold increase from 2016. Adequate disclosure is critical if the ESG funds are to avoid “being ridiculed as “greenwashing”, it said.
At the same time, the credibility of their climate strategies has been brought into question both by greenwashing scandals and recent analyses of the Paris-alignment of fund offerings. . European banks have financed upstream oil and gas expansion by more than US$400 billion since 2016, ShareAction research has found.
South Africa signed a JETP at COP26 in Glasgow, which committed France, Germany, the UK, the EU and the US to supporting its clean energy transition through US$8.5 billion in first-phase financing, provided through grants, concessional loans, investments and risk-sharing instruments over three to five years.
At the most recent climate talks (COP26) Ukraine announced that it was joining the Powering Past Coal Alliance promising to phase out coal by 2035. As revealed by the Mueller Report, Russian disinformation played a prominent role in helping to elect the disgraced former president in 2016. Ukraine delivered more than promises.
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