Climate Change/6th Mass Extinction/We are so fu&ked Thread - Reporting Live In The Anthropocene

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Startling new research finds large buildup of heat in the oceans, suggesting a faster rate of global warming


The findings mean the world might have less time to curb carbon emissions.

The world’s oceans have been soaking up far more excess heat in recent decades than scientists realized, suggesting that Earth could be set to warm even faster than predicted in the years ahead, according to new research published Wednesday.

Over the past quarter-century, Earth’s oceans have retained 60 percent more heat each year than scientists previously had thought, said Laure Resplandy, a geoscientist at Princeton University who led the startling study published Wednesday in the journal Nature. The difference represents an enormous amount of additional energy, originating from the sun and trapped by Earth’s atmosphere — the yearly amount representing more than eight times the world’s annual energy consumption.

In the scientific realm, the new findings help resolve long-running doubts about the rate of the warming of the oceans before 2007, when reliable measurements from devices called “Argo floats” were put to use worldwide. Before that, differing types of temperature records — and an overall lack of them — contributed to murkiness about how quickly the oceans were heating up.

The higher-than-expected amount of heat in the oceans means more heat is being retained within Earth’s climate system each year, rather than escaping into space. In essence, more heat in the oceans signals that global warming is more advanced than scientists thought.

“We thought that we got away with not a lot of warming in both the ocean and the atmosphere for the amount of CO2 that we emitted,” said Resplandy, who published the work with experts from the Scripps Institution of Oceanography and several other institutions in the United States, China, France and Germany. “But we were wrong. The planet warmed more than we thought. It was hidden from us just because we didn’t sample it right. But it was there. It was in the ocean already.”

The United Nations panel on climate issued a report warning of unprecedented temperature rise between 2030 and 2052 if global warming continues. (Reuters)

Wednesday’s study also could have important policy implications. If ocean temperatures are rising more rapidly than previously calculated, that could leave nations even less time to dramatically cut the world’s emissions of carbon dioxide, in the hope of limiting global warming to the ambitious goal of 1.5 degrees Celsius (2.7 degrees Fahrenheit) above preindustrial levels by the end of this century.

The world already has warmed one degree Celsius (1.8 degrees Fahrenheit) since the late 19th century. Scientists backed by the United Nations reported this month that with warming projected to steadily increase, the world faces a daunting challenge in trying to limit that warming to only another half-degree Celsius. The group found that it would take “unprecedented” action by leaders across the globe over the coming decade to even have a shot at that goal.

Meanwhile, the Trump administration has continued to roll back regulations aimed at reducing carbon emissions from vehicles, coal plants and other sources and has said it intends to withdraw from the Paris climate accord. In one instance, the administration relied on an assumptionthat the planet will warm a disastrous seven degrees Fahrenheit, or about four degrees Celsius, by the end of the century in arguing that a proposal to ease vehicle fuel-efficiency standards would have only minor climate impacts.

The new research underscores the potential consequences of global inaction. Rapidly warming oceans mean that seas will rise faster and that more heat will be delivered to critical locations that already are facing the effects of a warming climate, such as coral reefs in the tropics and the ice sheets of Greenland and Antarctica.

“In case the larger estimate of ocean heat uptake turns out to be true, adaptation to — and mitigation of — our changing climate would become more urgent,” said Pieter Tans, who is the leader of the Carbon Cycle Greenhouse Gases Group at the National Oceanic and Atmospheric Administration and was not involved in the study.

The oceans absorb more than 90 percent of the excess energy trapped within the world’s atmosphere.

The new research does not measure the ocean’s temperature directly. Rather, it measures the volume of gases, specifically oxygen and carbon dioxide, that have escaped the ocean in recent decades and headed into the atmosphere as it heats up. The method offered scientists a reliable indicator of ocean temperature change because it reflects a fundamental behavior of a liquid when heated.

“When the ocean warms, it loses some gas to the atmosphere,” Resplandy said. “That’s an analogy that I make all the time: If you leave your Coke in the sun, it will lose the gas.”

This approach allowed researchers to recheck the contested history of ocean temperatures in a different and novel way. In doing so, they came up with a higher number for how much warming the oceans have experienced over time.

“I feel like this is a triumph of Earth-system science. That we could get confirmation from atmospheric gases of ocean heat content is extraordinary,” said Joellen Russell, a professor and oceanographer at the University of Arizona. “You’ve got the A team here on this paper.”

But Russell said the findings are hardly as uplifting.

The report “does have implications for climate sensitivity, meaning, how warm does a certain amount of CO2 make us?” Russell said, adding that the world could have a smaller “carbon budget” than once thought. That budget refers to the amount of carbon dioxide humans can emit while still being able to keep warming below dangerous levels.

The scientists calculated that because of the increased heat already stored in the ocean, the maximum emissions that the world can produce while still avoiding a warming of two degrees Celsius (3.6 Fahrenheit) would have to be reduced by 25 percent. That represents a very significant shrinkage of an already very narrow carbon “budget.”

The U.N. panel of climate scientists said recently that global carbon emissions must be cut in half by 2030 if the world hopes to remain beneath 1.5 Celsius of warming. But Resplandy said that the evidence of faster-warming oceans “shifts the probability, making it harder to stay below the 1.5-degree temperature target."

Understanding what is happening with Earth’s oceans is critical, because they, far more than the atmosphere, are the mirror of ongoing climate change.

According to a major climate report released last year by the U.S. government, the world’s oceans have absorbed about 93 percent of the excess heat caused by greenhouse gases since the mid-20th century. Scientists have found that ocean heat has increased at all depths since the 1960s, while surface waters also have warmed. The federal climate report projected a global increase in average sea surface temperatures of as much as nearly five degrees Fahrenheit by 2100 if emissions continue unabated, with even higher levels of warming in some U.S. coastal regions.

The world’s oceans also absorb more than a quarter of the carbon dioxide emitted annually from human activities — an effect making them more acidic and threatening fragile ecosystems, federal researchers say. “The rate of acidification is unparalleled in at least the past 66 million years,” the government climate report stated.

Paul Durack, a research scientist at the Lawrence Livermore National Laboratory in California, said Wednesday’s study offers “a really interesting new insight” and is “quite alarming.”

The warming found in the study is “more than twice the rates of long-term warming estimates from the 1960s and ’70s to the present,” Durack said, adding that if these rates are validated by further studies, “it means the rate of warming and the sensitivity of the Earth’s system to greenhouse gases is at the upper end.” He said that if scientists have underestimated the amount of heat taken up by the oceans, “it will mean we need to go back to the drawing board” on the aggressiveness of mitigation actions the world needs to take promptly to limit future warming.

Beyond the long-term implications of warmer oceans, Russell added that in the short term, even small changes in ocean temperatures can affect weather in specific places. For instance, scientists have said warmer oceans off the coast of New England have contributed to more-intense winter storms.

“We’re only just now discovering how important ocean warming is to our daily lives, to our daily weather,” she said.
 

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Eco Crises: Doom & Gloom, Truth & Consequences
We must eat, sleep, and breathe with our environment in mind

by Kristine Mattis

We can't save the world by playing by the rules because the rules have to change. Everything needs to change and it has to start today….To all the politicians that pretend to take the climate question seriously, to all of you who know but choose to look the other way every day because you seem more frightened of the changes that can prevent the catastrophic climate change than the catastrophic climate change itself… Please treat the crisis as the crisis it is and give us a future.

-- Greta Thunberg, 15 year-old climate activist speaking at the Helsinki climate demonstration, October 20, 2018

When I entered my interdisciplinary environmental graduate program, I already had years of work experience behind me as well as a lifetime of informal environmental education. I recognized the grim ecological picture. Some of my professors, however, were quick to admonish, “We can’t be gloom and doom.” Their other refrain was, “We can’t go back.” They offered no evidence for those two prescriptions with regard to the climate and ecological crises, yet their commands were common among environmental scholars. More than a decade later, we face far more dismal prospects for the future of humanity, but we are still loath to truly address them.

Doom and Gloom

In 1972, the Club of Rome, a consortium of scientists, economists, politicians, diplomats, and industrialists, produced a lengthy scientific report entitled Limits to Growth. Their work predicted a collapse of the human population due to our unchecked economic growth and resource depletion. While their estimates were condemned as alarmist and overreaching, independent researchers have updated the report for the 50th anniversary of the club’s inception, and have largely found that the conclusions from the original still hold.

Nevertheless, in July of 2017, David Wallace-Wells’ New York magazine article, “The Uninhabitable Earth,” about the worst-case scenarios resulting from the climate catastrophe created an uproar. Frenzied scientists and science communicators (positivity adherents one and all) raced to the media to denounce the highly accurate piece as scare-mongering, even as they could not dispute the validity of the information therein.

Then came the most recent report from the IPCC (Intergovernmental Panel on Climate Change), which, more than any of their other previous papers, finally conveyed the true immediacy and urgency of the climate crisis. It largely validated Wallace-Wells’ assessment of impeding large-scale catastrophe to all of humanity if we do not act promptly. For some of the more muted voices who study, work on, or otherwise follow the many environmental crises concurrently embroiling (and broiling) our planet, the IPCC report was surprising, not because of how drastically it portrayed the severity of the predicament we are in, but because of how it no longer pulled any punches about our dire circumstance. While still likely conservative in its forecast, as scientific predictions tend to be, this assessment finally painted the very bleak picture in store for us all if we do not change our way of life radically and immediately.

The staunch belief in the field of science communication, based upon a small number of studies, is that depicting the climate problem as it stands makes it appear too big and overwhelming, which incites hopelessness and inaction. Thus, we must keep the information simple and hopeful in order to effect change.

Indeed, Saturday Night Live’s Weekend Update supported these notions in the wake of the IPCC news:

Colin Jost: Scientists basically published an obituary for the earth this week and people were like, “Yeah, but like what does Taylor Swift think about it”….We don’t really worry about climate change because it is too overwhelming and we’re already in too deep.

Michael Che: That story has been stressing me out all week. I just keep asking myself “Why don’t I care about this?” I mean, don’t get me wrong, I 100% believe in climate change yet I am willing to do absolutely nothing about it.

On first glance, it would seem that the science communication scholars are correct: the devastatingly huge nature of the problem leads to despair and inaction. But is that really what we are seeing? Are we seeing despair - or denial? I don’t mean the sort of denial that claims climate change is not occurring at all or that it is a natural phenomenon. I am talking about denial in the form of not willing to admit that you, personally, have a role to play in the problem and in the solution – that in addition to so many changes necessary on large-scale political, economic, industrial, occupational, and social levels, every one of us also needs to change our way of life in innumerable ways, and none more so than the wealthy.

The truth is that the public has not taken action because no one dares to explain what to do, and no one dares to explain what to do because what to do inevitably involves radical changes to the daily lives of the majority of people in the western world, most especially the richest among us who contribute the most to all of our ecological calamities.
One of the issues with the science communication research that emphasizes carefully crafting optimistic messages about environmental crises so that people will act on solutions is that it tacitly assumes that solutions have been articulated. How can we conclude that people’s despondency results in inaction when very few real actions have been offered? All that we offer are minimal, usually consumer-based alterations to what we buy. As we can see, these small, manageable, incremental changes have done nothing. Perhaps that is where the despair comes from? Al Gore’s conclusion in The Inconvenient Truth gave us recommendations to change our light bulbs and drive hybrid cars. This sort of advice, while Gore himself hypocritically continues to own multiple large homes and travel around the world with the excuse of educating the public about the crisis, rings false because it is false. The truth is that the public has not taken action because no one dares to explain what to do, and no one dares to explain what to do because what to do inevitably involves radical changes to the daily lives of the majority of people in the western world, most especially the richest among us who contribute the most to all of our ecological calamities. But even more importantly, no one with money, power, and influence dares to walk the walk when it comes to personal environmental action.

Truth and Consequences

The climate crisis, as many other environmental issues, isn’t a scientific problem; it is a social, political, and economic one. As they say, “it isn’t rocket science.” It is greed. A Green New Deal will not cut it because it leaves capitalism, corporatism, imperialism, and consumerism in place. We aren’t going to “science” our way out of these crises. We can’t advertise or market our way out, shop our way out, sing and dance or entertain our way out, fundraise our way out, engineer (and genetically engineer) our way out, protest our way out, text, tweet, snapchat or instagram our way out, pray our way out, or even vote our way out. Our way out is to dramatically alter much of our way of life. It is to prioritize ecological concerns and do our best to conduct every aspect of our lives sustainably, rather than just pay lip service to our belief that climate change is real or that plastic pollution is a problem or that fossil fuel use is unsustainable. In many, if not most ways, we just simply need to stop. Our way of life is incompatible with the continuance of life.

Donald Trump blatantly admitted to prioritizing the multibillion-dollar sale of arms to Saudi Arabia over the life of an assassinated journalist (not to mention the lives of millions of Yemeni people). While Trump overtly admits placing the importance of economic values over social and environmental ones, the rest of us do much the same every day as we go about our “normal” lives and activities without considering their proximal and distant repercussions.

We know well the myriad problems – global climate change, extinction of species, ecosystem disruption, overuse of natural resources, massive pollution from toxicants and plastic. Scientists have done a wonderful job of documenting the fall ™, but they have not offered many concrete solutions besides ending our use of fossil fuels and placing restrictions on certain toxics and pollutants so that they continue to harm us and our ecosystems chronically rather than acutely.

A far from exhaustive list of some of the things we might try to accomplish, personally and collectively, in order to avert total climate catastrophe (and tackle other environmental issues) is in the appendix to this piece. Suffice it to say, much of what we are used to in our lives is antithetical to sustainable life and probably has to go. Besides reduce, reuse, and recycle, we should add slow down, simplify, and stop.

Our modern technological, consumerist, lifestyle must be massively curbed. We may not be able to curtail environmental disaster completely, but we can at least try to greatly mitigate and adapt to it while also addressing poverty and massive inequality and attempting to reduce the suffering and pain of as many people as possible. Changes that would help the environment and changes that would bring more social justice go hand in hand, because it is precisely the industries, occupations, and lifestyles of the rich that create the enormous environmental, economic, and social crises. Therefore, restraining or removing their enterprises is the ultimate solution to our troubles.

As it is, market forces that enrich the wealthiest not only permit, but demand that food goes wasted rather than to the hungry, that clothing is destroyed rather than worn by those who have need for it, and that homes are left empty rather than housing the millions of homeless and marginally-sheltered around the country. This sort of economic model should be unconscionable because it is not only morally reprehensible but ecologically unsustainably. And we are all complicit in this when we work for these companies and industries that allow for such atrocity.

Along his current book tour, Chris Hedges seems to be repeating a (paraphrased) quotation from Sartre: “I don’t fight fascists because I think I will win; I fight fascists because they are fascists.” Similarly, there are people who live every moment of their lives with environmental sustainability in mind. They might say “I don’t live this way because I will save the world; I live this way because it is the only way to live.” In both cases, while the individual choice is a moral and ethical one, if we all, or at least the majority of us, were to come closer to making those moral and ethical choices, we might have a fighting chance against both fascism and environmental devastation.

Besides which … Are you happy? Polls and surveys suggest that the answer to that question for the vast majority of Americans is a resounding “No.” While the poor struggle to get by day to day, what’s left of the middle class live paycheck to paycheck. And even the upper-middle class and rich are not completely satisfied, probably because they have actual experience that money does not buy happiness in an atomized, unjust, and environmentally degraded world. But they will never admit to this reality and will continue to strive for more wealth and dominance in a futile quest to fill the voids in their lives.

All of those I know who are truly despairing about the environmental situation are the same people who are doing the most about it. Their desperation comes not as much from the overwhelming nature of the problem, but more from the fact that so many around them do not seem to notice or care.

Nearly all of the changes that can potentially help mitigate our environmental crises will also mitigate our social crises and our misery. So exactly why are so many people so reluctant to change? The mega-rich generated their massive fortunes by exploiting the environment and all of us, so clearly they are averse to change. For them to change, the rest of us will have to work together to force their hands. But what is everyone else’s excuse, given that we are all so unhappy and unsatisfied? Why can’t we seem to give up our palliatives (shopping, driving, television, social media, selfies, online gaming, etc.) that wreck our ecosystems as well as our physical and psychological well-being?

Scientists’ best estimates suggest Homo sapiens, the species of modern humans, emerged between 300-200 thousand years ago. While we are an extremely young species in the context of geological time, we have nonetheless exacted a powerful toll on the planet during our relatively short stint here on Earth. The majority of that toll only occurred in the past few hundred years. Not only have we altered geology, chemistry, and biology across the globe, we have left a wasteland of ecosystem destruction, species decimation, acute and chronic toxic pollution, and of course, global climate change. But these alterations were not inevitable.

For most of our 200K years, Homo sapiens, like the other species living among us, affected local areas in limited ways that were not completely detrimental and irreversible. We didn’t leave traces of persistent organic pollutants at the poles of the globe, having manufactured and used them thousands of miles away. We didn’t leave radioactive vessels at the bottom of the ocean and heaps of radioactive materials in piles that we hope will not be touched for tens and hundreds of thousands of years. We didn’t deforest and desertify swathes of land the size of states and countries. We didn’t drastically reduce the number of insects and pollinators of our food supply. We didn’t kill the majority of species of large mammals. We didn’t leave a supply of chemical and plastic waste in the oceans, the quantity of which will soon outnumber the productive biota of the sea. And we didn’t drastically alter the gaseous concentrations of the atmosphere, thereby transforming the entire planetary climate. Some humans never did.
 

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To be sure, not all humans created this problem. Ironically, it is the ones who have all but been obliterated across the globe – the indigenous - who hold the keys to our salvation. They did not exploit natural resources to the point of collapse; they honored and respected other species and their place in our global ecosystem. They considered more than quarterly earnings; they considered the consequences of their daily actions and looked forward toward the preservation of life for a minimum of seven generations of their people. Rather than revere the psychopathic, narcissistic, members of society who hoard all of the wealth, resources, and power to the detriment of people and planet, many indigenous cultures would shun and ostracize them. This is not an exaltation of the myth of the “noble savage.” Even the current IPCC report advises that indigenous knowledge and wisdom have important roles to play if we are to survive.

It is not inexorable that human activity will obliterate all life on earth. There are subsets of our species who lived, and still live, largely sustainably on the planet. These indigenous cultures are models for different, more viable alternatives. We should be striving to adjust our lives to be more like theirs rather than forcing them to adopt our corruptive, toxic, homicidal, and suicidal paradigms. All evidence suggests that we do, indeed, need to “go back,” or at the very least, massively scale back.

Right before I received my doctoral degree, I had to meet with the graduate dean for a sort of exit interview. Seeing my field of study, she commented, “So, you are going to go out there and save us.” No. There are no individuals of any field or discipline who can save us. Likewise, to combat utter ecological devastation, people often say “we need our leaders to step up.” If it is not abundantly clear by now, our leaders have little incentive to do anything, and they have accomplished appallingly less.

The truth is, we must all take the lead. We must eat, sleep, and breathe with our environment in mind. In doing so, we will have to support one another in a battle against the rich and powerful who resist - with more fervor than any other type of resistance - all of the changes necessary that might stand half a chance of making this world more equitable and ecologically sound. We should do so not because we will necessarily save the world, but because as moral, ethical, rational, human beings, how can we not do so? And we do so because, unless we are mere sociopaths, we are clear about the truth of our situation and the consequences of not doing so.
 

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The Age of Extinction
Stop biodiversity loss or we could face our own extinction, warns UN
The world has two years to secure a deal for nature to halt a ‘silent killer’ as dangerous as climate change, says biodiversity chief



Jonathan Watts

Tue 6 Nov 2018 08.47 ESTFirst published on Sat 3 Nov 2018 02.00 EDT

The world must thrash out a new deal for nature in the next two years or humanity could be the first species to document our own extinction, warns the United Nation’s biodiversity chief.

Ahead of a key international conference to discuss the collapse of ecosystems, Cristiana Pașca Palmer said people in all countries need to put pressure on their governments to draw up ambitious global targets by 2020 to protect the insects, birds, plants and mammals that are vital for global food production, clean water and carbon sequestration.

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“The loss of biodiversity is a silent killer,” she told the Guardian. “It’s different from climate change, where people feel the impact in everyday life. With biodiversity, it is not so clear but by the time you feel what is happening, it may be too late.”

miserably little attention even though many scientists say it poses at least an equal threat to humanity.

The last two major biodiversity agreements – in 2002 and 2010 – have failed to stem the worst loss of life on Earth since the demise of the dinosaurs.

Eight years ago, under the Aichi Biodiversity Targets, nations promised to at least halve the loss of natural habitats, ensure sustainable fishing in all waters, and expand nature reserves from 10% to 17% of the world’s land by 2020. But many nations have fallen behind, and those that have created more protected areas have done little to police them. “Paper reserves” can now be found from Brazil to China.

The issue is also low on the political agenda. Compared to climate summits, few heads of state attend biodiversity talks. Even before Donald Trump, the US refused to ratify the treaty and only sends an observer. Along with the Vatican, it is the only UN state not to participate.

Cristiana Paşca Palmer, the UN’s biodiversity chief. Photograph: Herman njoroge chege/IISD/ENB
Pașca Palmer says there are glimmers of hope. Several species in Africa and Asia have recovered (though most are in decline) and forest cover in Asia has increased by 2.5% (though it has decreased elsewhere at a faster rate). Marine protected areas have also widened.


But overall, she says, the picture is worrying. The already high rates of biodiversity loss from habitat destruction, chemical pollution and invasive species will accelerate in the coming 30 years as a result of climate change and growing human populations. By 2050, Africa is expected to lose 50% of its birds and mammals, and Asian fisheries to completely collapse. The loss of plants and sea life will reduce the Earth’s ability to absorb carbon, creating a vicious cycle.

Humanity has wiped out 60% of animal populations since 1970, report finds

“The numbers are staggering,” says the former Romanian environment minister. “I hope we aren’t the first species to document our own extinction.”

Despite the weak government response to such an existential threat, she said her optimism about what she called “the infrastructure of life” was undimmed.


One cause for hope was a convergence of scientific concerns and growing interest from the business community. Last month, the UN’s top climate and biodiversity institutions and scientists held their first joint meeting. They found that nature-based solutions – such as forest protection, tree planting, land restoration and soil management – could provide up to a third of the carbon absorption needed to keep global warming within the Paris agreement parameters. In future the two UN arms of climate and biodiversity should issue joint assessments. She also noted that although politics in some countries were moving in the wrong direction, there were also positive developments such as French president, Emmanuel Macron, recently being the first world leader to note that the climate issue cannot be solved without a halt in biodiversity loss. This will be on the agenda of the next G7 summit in France.

“Things are moving. There is a lot of goodwill,” she said. “We should be aware of the dangers but not paralysed by inaction. It’s still in our hands but the window for action is narrowing. We need higher levels of political and citizen will to support nature.”


• This article was amended on 6 November 2018 to correct a few errors: Cristiana Paşca Palmer is executive secretary, not executive director, of the CBD; the CBD’s members are 195 states and the EU, not 196 states; the original article referred to the Aichi Protocol when it should have referred to the Aichi Biodiversity Targets.

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News > Business > Business News
BP and Shell planning for catastrophic 5°C global warming despite publicly backing Paris climate agreement
Companies are trying to 'have their oil and drink it' by committing to 2°C in public while planning for much higher temperature rises, says shareholder campaign group, ShareAction

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The Independent
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Neither company sets targets to reduce emissions and BP’s total investment in renewable and clean technologies has actually shrunk since 2005, the report said ( Getty Images )
Oil giants Shell and BP are planning for global temperatures to rise as much as 5°C by the middle of the century. The level is more than double the upper limit committed to by most countries in the world under the Paris Climate Agreement, which both companies publicly support.

The discrepancy demonstrates that the companies are keeping shareholders in the dark about the risks posed to their businesses by climate change, according to two new reportspublished by investment campaign group Share Action. Many climate scientists say that a temperature rise of 5°C would be catastrophic for the planet.

ShareAction claims that the companies’ actions put the value of millions of people's pensions at risk. Two years after BP and Shell shareholders voted resoundingly in favour of forcing the companies to make detailed disclosures about climate risks, the companies have made unconvincing steps forward, according to the reports.


UK climate change plan branded a 'blueprint for under-achievement'
ShareAction said that Shell and BP are meeting their legal requirements, but are putting shareholders’ capital at risk because of numerous failings in their plans for the future.


Neither company sets targets to reduce emissions and BP’s total investment in renewable and clean technologies has actually shrunk since 2005, the reports said. That’s despite the company’s public-facing image of being “beyond petroleum”.

BP invests just 1.3 per cent of its total capital expenditure in low-carbon projects while Shell has pledged to invest 3 per cent of its annual spend on low-carbon by 2020.

US government agency issues climate change warning
A maximum warming of 2°C beyond pre-industrial levels is the central aim of the landmark Paris climate agreement, which both firms say they support. It is widely believed that any warming beyond 2°C could cause serious and potentially irreversible changes to the climate.


Shell reaffirmed its commitment to the Paris Agreement in a statement publicising its most recent AGM. “Shell has a clear strategy, resilient in a 2°C world,” the company said, but its change modelling document states that “the emissions pathways until the middle of the century overshoots the trajectory of a 2°C goal”.

ShareAction’s report also found that top executives at both Shell and BP are still given incentives to pursue strategies centred on oil and gas and are paid bonuses over three to six years for fossil fuel projects that could have damaging effects for shareholders decades later.


Michael Chaitow, senior campaigns officer at ShareAction, said the report revealed an “uncomfortable discrepancy” between Shell and BP’s public support for a low-carbon economy and their actual business planning.

BPCLIMATE CHANGEGLOBAL WARMINGPARIS CLIMATE AGREEMENT
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