This article discusses how the O&G industry spends millions of dollars lobbying to block climate change policies.
Every year, the world’s five largest publicly owned oil and gas companies spend approximately $200 million on lobbying designed to control, delay or block binding climate-motivated policy. This has caused problems for governments seeking to implement policies in the wake of the Paris Agreement which are vital in meeting climate change targets. Companies are generally reluctant to disclose such lobbying expenditure and late last week, a report from InfluenceMap used a methodology focusing on the best available records along with intensive research of corporate messaging to gauge their level of influence on initiatives to halt climate change.
P has the highest annual expenditure on climate lobbying at $53 million, followed by Shell with $49 million and ExxonMobil with $41 million. Chevron and Total each spend around $29 million every year.