‘Fossil Fuels Are Killing Us’: Scientists Publish Sweeping Review of Industry Harms

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Original article by Jessica Corbett republished from Common Dreams under Creative Commons (CC BY-NC-ND 3.0).

U.S. Army Corps of Engineers contractors in protective gear remove hazardous materials from a home destroyed in the Eaton Fire on March 26, 2025 in Altadena, California. (Photo: Mario Tama/Getty Images)

“We’ve got to work fast to end fossil fuel operations near our homes, schools, and hospitals and trade fossil fuel infrastructure for healthy, clean energy,” said one co-author.

“The evidence is clear that fossil fuels—and the fossil fuel industry and its enablers—are driving a multitude of interlinked crises that jeopardize the breadth and stability of life on Earth.”

That’s the first line of the abstract for an article published Monday by top scientists who reviewed “the vast scientific evidence showing that fossil fuels and the fossil fuel industry are the root cause of the climate crisis, harm public health, worsen environmental injustice, accelerate biodiversity extinction, and fuel the petrochemical pollution crisis.”

The new paper in the peer-reviewed journal Oxford Open Climate Change highlights the diverse impacts of “every stage of the fossil fuel life cycle” and stresses that the “industry has obscured and concealed this evidence through a decadeslong, multibillion-dollar disinformation campaign aimed at blocking action to phase out” its deadly products.

“The fossil fuel industry has spent decades misleading us about the harms of their products and working to prevent meaningful climate action,” said co-author Naomi Oreskes, professor of the history of science at Harvard University, in a statement. “Perversely, our governments continue to give out hundreds of billions of dollars in subsidies to this damaging industry. It is past time that stops.”

“The most polluted communities should be prioritized for clean energy investments and removal and cleanup of dirty fossil fuel infrastructure.”

While the researchers focused on the United States, “as the world’s largest oil and gas producer and dominant contributor to these fossil fuel crises,” their review—including proposed “science-and-justice-based solutions” for an economywide effort to “forge a path forward to sustaining life on Earth”—applies to the whole world, which is quickly heating up due to emissions from coal, gas, and oil.

The article features sections on the fossil fuel-driven climate crisis, public health harms, environmental injustice, biodiversity loss and extinction, petrochemical pollution, and industry disinformation. Each section lays out the “problem” and “solutions.”

The climate emergency section includes details such as “the production and combustion of oil, gas, and coal are responsible for nearly 90% of human-caused carbon dioxide (CO2) emissions and approximately 79% of total greenhouse gas emissions,” and “failures in political will to implement necessary climate action have made the 1.5°C benchmark nearly impossible to achieve without overshoot,” referring to a primary goal of the 2015 Paris agreement.

Although the current U.S. administration has demonstrated its alliance to the fossil fuel industry—including with President Donald Trump’s recent energy emergency declaration—the scientists still emphasized what’s possible in the country.

“In the USA, powerful policy levers are available to governments and civil society at the local, state, national, and international levels to phase out fossil fuels and transition to a clean, renewable energy economy,” they wrote. “These levers include regulation (e.g. applying and enforcing existing laws), legislation (e.g. polluters pay laws, fossil fuel subsidy reform, land use laws limiting drilling), and litigation (e.g. holding fossil fuel companies accountable, defending existing law).”

They also warned that “last-ditch efforts to prolong the fossil fuel industry are proliferating. These include counterproductive false solutions, like carbon capture and storage (CCS), which would perpetuate fossil fuel use while capturing only some of the resulting emissions, and hydrogen made from fossil fuels.”

The public health section notes that “air pollution from fossil fuel combustion accounts for 8.7 million (equaling 1 in 5) premature deaths per year worldwide and 350,000 premature deaths per year in the USA. In a single year, air pollution from oil and gas production in the USA resulted in 410,000 asthma exacerbations, 2,200 new cases of childhood asthma, and 7,500 premature deaths in 2016.”

Co-author David J.X. González, an assistant professor of environmental health sciences at the University of California, Berkeley, said Monday that “we’ve got to work fast to end fossil fuel operations near our homes, schools and hospitals and trade fossil fuel infrastructure for healthy, clean energy.”

“Oil, gas, and coal will continue to condemn us to more deaths, wildlife extinctions, and extreme weather disasters unless we make dirty fossil fuels a thing of the past.”

The paper points out that “climate change is increasing incidence of physical and mental health impacts and mortality through multiple pathways: worsening extreme events including heatwaves, severe storms, floods, droughts, and wildfires; shifting ranges of disease vectors; threats to food security; and displacement and forced migration, which restrict access to healthcare and other basic services.”

“These harms, though broadly felt, also disproportionately impact marginalized communities which are already disproportionately burdened by other socioenvironmental hazards, as well as susceptible populations including young children, people with certain disabilities, people experiencing homelessness, pregnant people, people with chronic diseases, and older adults,” the publication continues.

University of Montana associate professor of environmental studies Robin Saha, another co-author, said that “decades of discriminatory policies, such as redlining, have concentrated fossil fuel development in Black, Brown, Indigenous, and poor white communities, resulting in devastating consequences.”

“For far too long, these fenceline communities have been treated as sacrifice zones by greedy, callous industries,” Saha added. “The most polluted communities should be prioritized for clean energy investments and removal and cleanup of dirty fossil fuel infrastructure.”

The paper’s other co-authors are Robert Bullard of Texas Southern University, Boston University’s Jonathan J. Buonocore and Mary D. Willis, Trisia Farrelly of the Cawthron Institute, William Ripple of Oregon State University, and the Center for Biological Diversity’s Nathan Donley, John Fleming, and Shaye Wolf.

“The science can’t be any clearer that fossil fuels are killing us,” declared Wolf, the paper’s lead author and the center’s climate science director. “Oil, gas, and coal will continue to condemn us to more deaths, wildlife extinctions, and extreme weather disasters unless we make dirty fossil fuels a thing of the past. Clean, renewable energy is here, it’s affordable, and it will save millions of lives and trillions of dollars once we make it the centerpiece of our economy.”

Original article by Jessica Corbett republished from Common Dreams under Creative Commons (CC BY-NC-ND 3.0).

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Orcas comment on killer apes destroying the planet by continuing to burn fossil fuels.
Continue Reading‘Fossil Fuels Are Killing Us’: Scientists Publish Sweeping Review of Industry Harms

BP has been rowing back on renewables for years. So why was it helped by ‘net zero’ banks?

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Original article by Rob Soutar republished from TBIJ under a Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported License.

Oil companies’ move to double down on fossil fuels should come as no surprise to anyone – not least its financers

Last week, BP’s CEO Murray Auchincloss said his company had gone “too far, too fast” in its plan to transition away from fossil fuels. BP still says it aims to be a net zero company by 2050 but it will now take a different path to the one it set out in 2021 … doubling down on fossil fuels in the meantime.

Perhaps the move shouldn’t have come as a surprise. After all, BP is a commercial enterprise with a responsibility to deliver returns for its shareholders. And since Russia’s invasion of Ukraine, which led many countries to prioritise energy security over long-term sustainability, oil and gas have remained reliably lucrative.

What’s more, the company made a similar announcement two years ago, saying it would be ramping up its investments in oil and gas.

But if BP had indicated such a significant change in direction so long ago, how did it continue to raise billions from banks that said they’d only do business with “net zero” companies?

Milestone moment?

At the 2021 climate talks in Glasgow, a number of the world’s leading banks made landmark pledges: to slash the footprint of their own operations and, crucially, the emissions of their lending and investment portfolios.

It was hailed as a watershed moment. In theory, the vast stockpiles of money that had supported fossil fuel expansion would now be cut off for companies without net zero ambitions. The same year, the International Energy Agency warned that there must be no new oil and gas projects if the world is to reach net zero by 2050.

Yet throughout 2023, after it said it would invest significantly more in fossil fuels, BP raised more than $5bn with help from “net zero” banks including NatWest, HSBC and Barclays.

The deals illustrate a core problem with the banks’ net zero commitments. A key condition for companies they agreed to do business with was the existence of a “credible” transition plan. But it wasn’t always clear how the banks were assessing that credibility.

Even before Auchincloss’ announcement last week, the world-leading Grantham Research Institute assessed the credibility of oil and gas companies’ transition plans – and found that BP’s fell well short.

That lack of clarity on what was “credible” left the banks with enough wriggle room to maintain relationships with huge fossil fuel companies.

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And those relationships have proved profitable. Since May 2021, global banks that have committed to net zero have poured almost $1 trillion into companies pursuing expansion of oil and gas projects that would push the world beyond its survivable limits.

Looking long-term

The policy environment has changed since Glasgow, when both fossil fuel companies and banks launched net zero targets. BP is not the only company of its kind to have “reset” its core business to oil and gas. But critics say that recent moves to boost fossil fuels and ensure quick returns are alarmingly short-sighted.

In the UK, the costs of getting to net zero are cheaper than was anticipated just five years ago, according to a recent report by the Climate Change Committee. And in a low-carbon economy, fossil fuels could nosedive – leaving the oil and gas fields currently in development as “stranded assets” with little value.

But crucially, the banks face considerable risks too. Their previous promises to work only with clients committed to the transition were made for a reason: they were feeling the pressure from climate-conscious investors.

If the banks are found to have broken these promises, they could well be held to account by regulators – not to mention see their credibility shattered in the eyes of their investors.

Reporter: Rob Soutar
Deputy editor: Chrissie Giles
Editor: Franz Wild
Fact checker: Ero Parksakoulaki
Production editor: Alex Hess

TBIJ has a number of funders, a full list of which can be found here. None of our funders have any influence over editorial decisions or output.

Original article by Rob Soutar republished from TBIJ under a Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported License. Corrected a reference to “oil company’s” in the subheading in this version.

Experienced climbers scale a rock face near the historic Dumbarton castle in Glasgow, releasing a banner that reads “Climate on a Cliff Edge.” One activist, dressed as a globe, symbolically looms near the edge, while another plays the bagpipes on the shores below. | Photo courtesy of Extinction Rebellion and Mark Richards
Experienced climbers scale a rock face near the historic Dumbarton castle in Glasgow, releasing a banner that reads “Climate on a Cliff Edge.” One activist, dressed as a globe, symbolically looms near the edge, while another plays the bagpipes on the shores below. | Photo courtesy of Extinction Rebellion and Mark Richards
Greenpeace activists display a billboard during a protest outside Shell headquarters on July 27, 2023 in London.
Greenpeace activists display a billboard during a protest outside Shell headquarters on July 27, 2023 in London. (Photo: Handout/Chris J. Ratcliffe for Greenpeace via Getty Images)
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Continue ReadingBP has been rowing back on renewables for years. So why was it helped by ‘net zero’ banks?

Just 36 Companies Drove Half the World’s Climate-Altering Emissions in 2023: New Report

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Original article by Sharon Kelly republished from DeSmog.

Hurricane Harvey, downgraded to a tropical storm when it hit Vidor, Texas, flooded an Exxon gas station, Sept. 1, 2017. Credit: ©Julie Dermansky

Companies and states most responsible for climate change are also those working hardest to prevent climate action, new Carbon Majors report finds.

Half of the world’s carbon dioxide emissions in 2023 came from just three dozen companies, according to a new report released today by the Carbon Majors project, with the list dominated by coal, cement, and oil producers.

Saudi Arabia’s Saudi Aramco, the year’s worst offender, drove 4.4 percent of the world’s carbon dioxide pollution alone in 2023, the report found.

Five publicly-traded oil companies — ExxonMobil, Chevron, Shell, TotalEnergies, and BP — combined to produce an additional 4.9 percent of the year’s global carbon dioxide emissions from fossil fuels, the report adds.

The Carbon Majors database builds on the innovative work published by researcher Richard Heede of the Climate Accountability Institute (CAI) begun in 2013. For the first time, instead of attributing the build-up of industrial carbon dioxide and methane emissions to each of the world’s nations, Heede managed to trace those emissions to 90 specific “carbon major” companies. Last year, the nonprofit think tank InfluenceMap collaborated with CAI to produce major updates to the database — and today’s report marks the first annual update to that report, incorporating global data from 2023.

The year’s top carbon polluters were a mix of investor-owned and state-owned or national companies — but they have one thing in common.

“They’re some of the most obstructive actors towards climate policy,” Emmett Connaire, a senior analyst at the Carbon Majors project and one of the authors of the report, told DeSmog.

“I think it kind of kills the argument from industry that they’re not responsible for their CO2 emissions because we need fossil fuels to grow,” Connaire said, “when they’re the most obstructive and trying to keep up the demand for their products in the face of the overwhelming scientific opinion.” 

Eight of the nine public companies most responsible for carbon emissions in 2023 were “highly active or strategic” in their climate lobbying, the report notes. And their lobbying efforts took aim at regulating climate-altering pollution or sought to impede the energy transition.“ Of these 9 companies, 5 score a D or below, indicating unsupportive positions on climate policy,” the new report finds, citing data from InfluenceMap’s LobbyMap database, which grades companies based on their alignment with the Paris Agreement. “The remaining 4 score only slightly higher at C-.”

Top 10 investor-owned companies: LobbyMap engagement scores.
InfluenceMap gave climate policy lobbying scores to the top 10 investor-owned companies, all oil, gas, and coal firms. Credit: Carbon Majors 2025 report

None of the five top oil companies named in the report immediately responded to a request for comment from DeSmog.

Investor-owned companies aren’t the only ones actively fighting to prevent climate action, the Carbon Majors report notes.

“State-owned companies are even more oppositional to climate regulation globally according to LobbyMap research,” the report finds, listing Saudi Aramco, Russia’s Gazprom, Mexico’s Pemex, and China’s CHN Energy among the worst actors.

“The ‘Carbon Majors’ are keeping the world hooked on fossil fuels with no plans to slow production,” former United Nations climate chief and Paris Agreement architect Christiana Figueres said in a response accompanying the report. “While states drag their heels on their Paris Agreement commitments, state-owned companies are dominating global emissions — ignoring the desperate needs of their citizens.”

A sizable majority — 80 percent — of the year’s 20 worst offenders are state-owned, the report found.

The 2025 Carbon Majors report compared the total CO2 emissions and percentage of total emissions for the top 5 state-owned (Saudi Aramco, Coal India, CHN Energy, National Iranian Oil, Jinneng Group) and top 5 investor-owned (ExxonMobil, Chevron, Shell, TotalEnergies, BP) companies in 2023
State-owned fossil fuel companies dominated global climate emissions in 2023, compared to public companies, the Carbon Majors report noted. Credit: Carbon Majors report 2025

Throughout history, responsibility for driving climate change is concentrated among a strikingly small number of corporations, the report suggests.

Two-thirds of all fossil fuel and cement emissions worldwide from 1750 through 2023 can be traced to just 181 entities, the report finds, adding that one-third of emissions came from just 26 companies.

These findings may have significant legal consequences. During 2024, New York state and Vermont both enacted “Climate Superfund” laws that aim to hold fossil fuel producers and oil refiners responsible for the damage done by their climate-altering products — and the Carbon Majors database is a proposed tool to assess companies’ relative liabilities, according to InfluenceMap. Its earlier findings have been cited in civil lawsuits brought by U.S. cities and counties against fossil fuel producers and an inquiry in the Philippines (which has seen some of the strongest typhoons in recorded history) into corporate responsibility for human rights violations.

The report approaches companies’ contributions to climate change based on production data —  meaning that it focuses on the companies that do the drilling and mining (which helps avoid double-counting, Connaire told DeSmog). Those production figures are self-reported by companies but are widely used by governments to assess taxes and by investors in public companies. That methodology means that, for example, natural gas pipeline companies and natural gas utilities aren’t included in the report’s rankings. 

Nonetheless, natural gas producers figure among the report’s list of all-time top polluters. That includes the former Chesapeake Energy, which first rose to prominence — and some notoriety — during the shale gas fracking boom only to implode into bankruptcy in 2020. Chesapeake later emerged from bankruptcy and has since merged into the newly formed Expand Energy.

As the Carbon Majors database traces emissions throughout history, it accounts for the effects of mergers and acquisitions in the tumultuous oil industry, known for its booms and busts. “For example, the multiple smaller companies into which the Standard Oil Trust was broken up have evolved to become some of the most recognizable companies in the database today,” the report notes. “Some are direct descendants of Standard Oil, like ExxonMobil, with both Exxon and Mobil as descendants separately, and Chevron. Others have resulted from mergers with descendants of Standard Oil, such as BP and ConocoPhillips.”

Top 20 carbon majors entities by emissions, from 1854-2023: Former Soviet Union (1900-1991), China (Coal, 1945-2004), Saudi Aramco, Chevron, ExxonMobil, Gazprom, National Iranian Oil Company, BP, Shell, Coal India, Pemex, China (Cement), Poland (Coal, 1913-2001), CHN Energy, ConocoPhillips, British Coal Corporation (1947-1994), CNPC, Abu Dhabi National Oil Company (ADNOC), Peabody Energy, TotalEnergies
The Carbon Majors database traces the historical cumulative emissions of the top individual entities, such as Chevron or the former Soviet Union, from 1854 through 2023. Credit: Carbon Majors report 2025

It also calls attention to the importance of coal pollution — not just historically, but also in 2023.

“In 2023, coal remained the largest source of emissions, contributing 41.1 percent of emissions in the database,” the new report finds, “continuing a steady increase since 2016.”

Emissions from the cement industry — also a major driver of carbon pollution — increased significantly in 2023, rising 6.5 percent year-over-year, which the Carbon Majors report noted was “the largest relative rise” found. “Four of the five companies with the greatest relative increases in emissions in 2023 were cement companies — Holcim Group, Heidelberg Materials, UltraTech Cement, and CRH — with cement emissions seeing the largest relative rise among the four commodity types.”

Cement producers aren’t the only ones, however. In fact, emissions from most of the top emitters rose in 2023, the Carbon Majors report found. 

“It is truly alarming that the largest fossil fuel companies continue to increase their emissions in the face of worsening natural disasters caused by climate change, disregarding scientific evidence that these emissions are harming us all,” said Tzeporah Berman, founder of the Fossil Fuel Non-Proliferation Treaty Initiative. “It is clearer than ever that dirty private companies, driven by profits and business as usual, will never choose to self-regulate. Governments around the world must use their power to end fossil fuel expansion and transition their economies before fossil fuel companies destroy the planet.”

Original article by Sharon Kelly republished from DeSmog.

Greenpeace activists display a billboard during a protest outside Shell headquarters on July 27, 2023 in London.
Greenpeace activists display a billboard during a protest outside Shell headquarters on July 27, 2023 in London. (Photo: Handout/Chris J. Ratcliffe for Greenpeace via Getty Images)
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Continue ReadingJust 36 Companies Drove Half the World’s Climate-Altering Emissions in 2023: New Report

Arctic Tundra Has Turned From ‘Carbon Sink to Carbon Source’ in Dangerous Flip: NOAA

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Original article by Julia Conley republished from Common Dreams under Creative Commons (CC BY-NC-ND 3.0).

A view of Brooks Range as seen from the Dalton Highway on May 10, 2024 in North Slope Borough, Alaska. (Photo: Lance King/Getty Images)

“This is yet one more sign, predicted by scientists, of the consequences of inadequately reducing fossil fuel pollution,” said one scientist.

Permafrost in the Arctic has stored carbon dioxide for millennia, but the annual Arctic Report Card released by the National Oceanic and Atmospheric Administration reveals a concerning shift linked to planetary heating and a rising number of wildfires in the icy region: The tundra is now emitting more carbon than it is storing.

The report card revealed that over the last year, the tundra’s temperature rose to its second-highest level on record, causing the frozen soil to melt.

The melting of the permafrost activates microbes in the soil which decompose the trapped carbon, causing it to be released into the atmosphere as planet-heating carbon dioxide and methane.

The release of fossil fuels from the permafrost is also being caused by increased Arctic wildfires, which have emitted an average of 207 million tons of carbon per year since 2003.

“Our observations now show that the Arctic tundra, which is experiencing warming and increased wildfire, is now emitting more carbon than it stores, which will worsen climate change impacts,” said Rick Spinrad, administrator of NOAA. “This is yet one more sign, predicted by scientists, of the consequences of inadequately reducing fossil fuel pollution.”

Sue Natali, a scientist at the Woodwell Climate Research Center in Massachusetts and one of 97 international scientists who contributed to the Arctic Report Card, told NPR that 1.5 trillion tons of carbon are still being stored in the tundra—suggesting that the continued warming of the permafrost could make it a huge source of planet-heating greenhouse gas emissions.

Along with the “Arctic tundra transformation from carbon sink to carbon source,” NOAA reported declines in caribou herds and increasing winter precipitation.

The report card showed that the autumn of 2023 and summer of 2024 saw the second- and third-warmest temperatures on record across the Arctic, and a heatwave in August 2024 set an all-time record for daily temperatures in several communities in northern Alaska and Canada.

The last nine years have been the nine warmest on record in the Arctic region.

“Many of the Arctic’s vital signs that we track are either setting or flirting with record-high or record-low values nearly every year,” said Gerald (J.J.) Frost, a senior scientist with Alaska Biological Research, Inc. and a veteran Arctic Report Card author. “This is an indication that recent extreme years are the result of long-term, persistent changes, and not the result of variability in the climate system.”

Brenda Ekwurzel, a climate scientist at the Union of Concerned Scientists, emphasized that the continuous release of fossil fuel emissions from oil and gas extraction and other pollution has caused the Arctic to warm at a faster rate than the Earth as a whole over the past 11 years.

“These combined changes are contributing to worsening wildfires and thawing permafrost to an extent so historic that it caused the Arctic to be a net carbon source after millennia serving as a net carbon storage region,” said Ekwurzel. “If this becomes a consistent trend, it will further increase climate change globally.”

The Arctic Report Card was released weeks before President-elect Donald Trump is set to take office. Trump has pledged to slash climate regulations introduced by the Biden administration and to increase oil and gas production. He has mused that sea-level rise will create “more oceanfront property” and has called the climate crisis a “hoax,” while his nominee for energy secretary, Chris Wright, the CEO of the fracking company Liberty Energy, has claimed that climate warming is good for the planet.

“These sobering impacts in the Arctic are one more manifestation of how policymakers in the United States and around the world are continuing to prioritize the profits of fossil fuel polluters over the well-being of people and the planet and putting the goals of the Paris climate agreement in peril,” said Ekwurzel. “All countries, but especially wealthy, high-emitting nations, need to drastically reduce heat-trapping emissions at a rapid pace in accord with the latest science and aid in efforts of climate-vulnerable communities to prepare for what’s to come and help lower-resourced countries working to decrease emissions too.”

Original article by Julia Conley republished from Common Dreams under Creative Commons (CC BY-NC-ND 3.0).

Experienced climbers scale a rock face near the historic Dumbarton castle in Glasgow, releasing a banner that reads “Climate on a Cliff Edge.” One activist, dressed as a globe, symbolically looms near the edge, while another plays the bagpipes on the shores below. | Photo courtesy of Extinction Rebellion and Mark Richards
Experienced climbers scale a rock face near the historic Dumbarton castle in Glasgow, releasing a banner that reads “Climate on a Cliff Edge.” One activist, dressed as a globe, symbolically looms near the edge, while another plays the bagpipes on the shores below. | Photo courtesy of Extinction Rebellion and Mark Richards
Continue ReadingArctic Tundra Has Turned From ‘Carbon Sink to Carbon Source’ in Dangerous Flip: NOAA

Oil and Gas Investments of Donald Trump’s New UK Ambassador

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Original article by Adam Barnett republished from DeSmog

Warren Stephens. Credit: The Golfer’s Journal / YouTube

Campaigners warn that the UK will face “pressure from American fossil fuel interests” to slow its energy transition.

U.S. president-elect Donald Trump’s pick to be UK ambassador runs a firm with investments in several oil and gas companies, DeSmog can reveal.

Billionaire Warren Stephens, a major Trump donor who was nominated on Monday to be the next UK ambassador, is chairman, president, and CEO of Stephens Inc., one of the largest privately-owned investment banks in the U.S..

The firm’s portfolio includes at least five companies that make their money from oil and gas exploration and production, including one, Stephens Natural Resources, which is “solely owned” by the Stephens family business. 

“President-elect Trump’s promise to boost U.S. fossil fuel production is reflected in his choice of UK ambassador, raising concerns about the potential impact on the UK’s own climate leadership”, said Fossil Free Parliament campaigner Carys Boughton. 

Tessa Khan, executive director of the environmental campaign group Uplift, told DeSmog the appointment was a sign that “the UK is going to be under pressure from American fossil fuel interests to slow its transition away from oil and gas”.

Trump has vowed to “drill, baby, drill” for oil and gas in the U.S. while his presidential campaign received the backing of major fossil fuel interests. The president-elect has called climate change a “hoax” and is expected to once again pull the U.S. out of the flagship 2015 Paris Agreement, which established a global ambition to limit warming to 1.5C above industrial levels. 

The Stephens hire comes just weeks after the UK Labour government unveiled an ambitious new climate target to cut emissions by 81 percent by 2035. The move was criticised by Conservative Party leader Kemi Badenoch, who this week flew to Washington DC reportedly to build ties with senior Republicans ahead of a second Trump presidency.  

As DeSmog revealed last week, Badenoch has hired advisors who have criticised climate action and have links to fossil fuel-funded think tanks. Badenoch, who describes herself a “net zero sceptic” has also received donations from the head of Net Zero Watch, a climate science denial group.

Oil and Gas Investments

Stephens Inc.’s investments in oil and gas include Stephens Natural Resources, a company run by Warren’s uncle Witt Stephens. 

The company, which trades as Stephens Production, “has a rich history of drilling and producing both oil and natural gas”, according to its website, and “continues to expand its production and reserves in the continental U.S. and offshore Gulf of Mexico”. 

The company is “solely owned” by the Stephens family, whose investment stretches back to 1953, according to the website. 

Stephens Inc.’s other current investments, which date back to the mid-2010s, include Four Corners Petroleum, an oil exploration and production company based in Colorado. 

Stephens Inc. lists RK Supply in its portfolio, a “leading distributor of piping, oil and gas valves, fittings, and other oilfield service equipment” based in Texas. It also lists Dakota Midstream, a company that “provides infrastructure support to oil and gas exploration and production”, based in Colorado. 

Another company in the Stephen Inc. portfolio, Texas-based Basin Oil & Gas, buys “non-operating oil and gas interests”, and is developing carbon capture and sequestration projects. Carbon capture is a favoured climate solution of the oil and gas industry, and is often used simply to extract more fossil fuels. 

Stephens Inc. lists a firm called Capture Point in its portfolio, which specialises in enhanced oil recovery – a method for extracting hard-to-get oil. Capture Point told DeSmog that Stephens Inc. was not an investor in the company, though did not respond when asked if Stephens Inc. was previously an investor. 

All the companies cited were approached for comment. 

Trump Tensions

Stephens’s appointment comes at a critical time for the UK’s energy transition, and highlights the differences between the new Labour government and the incoming Trump administration. 

Prime Minister Keir Starmer last month attended the COP29 climate summit in Baku, Azerbaijan, pledging that the UK would restore its role “as a climate leader on the world stage”. In its 2024 election manifesto, Starmer’s Labour Party pledged to ban all new licenses for oil and gas exploration in the North Sea. However, after five months in office, the government has yet to implement that promise. 

“While the UK government has pledged to turn the UK into a ‘clean energy superpower’, it has not enacted its manifesto commitment to ban new licenses, nor provided a plan for a just transition away from fossil fuels”, Carys Boughton told DeSmog. 

“Trump’s choice of ambassador will gift the fossil fuel industry yet more influence within UK politics, which is particularly concerning while the government is still wavering on the future of fossil fuels. 

“It is therefore yet more important that the government take action to restrict fossil fuel industry influence – to protect its developing climate and energy policy from the industry’s polluting interests.”

As DeSmog has reported, Trump’s would-be energy secretary Chris Wright, chief executive of fracking company Liberty Energy, has praised Danish climate crisis denier Bjorn Lomborg as a friend. Wright’s nomination was welcomed by the CO2 Coalition, a climate science denial group which has received funding from the Koch Industries oil dynasty. 

Analysis by the climate outlet Heated found that all of Trump’s cabinet picks have made misleading statements about climate change. 

Science denial and an enthusiasm for fossil fuels are also views shared by Trump’s UK supporters. In September, DeSmog reported that Trump ally Nigel Farage, the Clacton MP and leader of Reform UK, was a keynote speaker at an event in Chicago run by the Heartland Institute, where he called on the U.S. to “drill, baby, drill” for more fossil fuels. 

“It’s no surprise that this appointment – like the rest of Trump’s administration – is shot through with oil and gas interests”, Uplift’s Tessa Khan, told DeSmog.

“Fossil fuel companies will prove extremely influential in the incoming U.S. government, and they want nations across the world to remain hooked on oil and gas for years to come just so they can keep profiting.

“The UK is going to be under pressure from American fossil fuel interests to slow its transition away from oil and gas. To succumb would be against the UK’s national interest”.

Original article by Adam Barnett republished from DeSmog

Continue ReadingOil and Gas Investments of Donald Trump’s New UK Ambassador