The best of EcoWatch, right in your inbox. Sign up for our email newsletter!
'Filthy' Corporate Sponsors Bankrolling COP21 Exposed in New Report
With less than one week before the Paris climate talks (COP21), Corporate Accountability International (CAI) released a report exposing the “filthy” track record of some of the corporations sponsoring the talks.
The report, Fueling the Fire: The corporate sponsors bankrolling COP21, uncovers “the green veil of four of the meeting’s dirtiest sponsors,” including fossil fuel conglomerates Engie (formerly GDF Suez), Suez Environment, BNP Paribas and French utility Électricité de France (EDF).
The organization argues that there is an inherent conflict of interest between the stated aims of the UN climate process and many of COP21’s corporate sponsors given their roles as global carbon polluters.
Together, these four corporate sponsors represent direct ownership of and/or investments in more than 46 coal-fired power plants, exploration of tar sands in Canada, fracking in the UK and India and more than 200 megatons of CO2-equivalent emissions.
CAI argues that “by detailing the corporations’ abuses to the environment and aggressive lobbying to undermine environmental policy, the report lays bare the conflict of interest inherent in allowing such sponsorship to exist.”
"Inviting some of the world’s biggest polluters to pay for the COP is akin to hiring a fox to guard a hen house. We must eliminate this conflict of interest before the COP become corporate trade shows for false market-based solutions," CAI Executive Director Patti Lynn said.
The report details how the four sponsors have long track records of “policy interference that contradict the green public relations” they advance. Whilst energy giant EDF claims to be “committed to a decarbonized world,” it is an active member—alongside ExxonMobil and Shell—of the European business lobby group, BusinessEurope.
Indeed, BusinessEurope has a long history of being opposed to climate action. In 2010, it came second in the EU’s Worst Lobby Awards. It was nominated “for its aggressive lobbying to block effective climate action in the EU while claiming to support action to protect the climate.” On behalf of its members, BusinessEurope openly opposes the “market deployment of energy produced from renewable sources.”
The report also outlines the greenwashing covering pollution. CAI reveals that Engie “is a polluter with few rivals,” responsible for more than 131 megatons of greenhouse gas emissions. This is the equivalent to pollution emitted from driving around the globe 12 million times.
“Despite recent announcements to stop new coal projects, Engie still owns 30 dirty coal power plants worldwide,” argues Célia Gautier, policy advisor at Climate Action Network France. “The French state is directly responsible for Engie’s greenwashing activities as it owns 33 percent of its shares and accepted to put them in their list of COP21 sponsors.”
BNP Paribas is one of the largest coal financiers in France. Between 2005 and 2014 the corporation provided half of the total financial support (€15.5 billion) from French banks to the coal industry.
The momentum is growing to have large polluting companies excluded from the talks. In May, more than 60 organizations launched a global campaign to kick big polluters out of climate policy.
Using the UN legal precedent, Article 5.3 of the WHO’s Framework Convention on Tobacco Control, they say the same should happen with Big Oil and COP21.
So far more than 400,000 people have joined the call. You can sign up here.
YOU MIGHT ALSO LIKE
EcoWatch Daily Newsletter
By Emily Deanne
Shower shoes? Check. Extra-long sheets? Yep. Energy efficiency checklist? No worries — we've got you covered there. If you're one of the nation's 12.1 million full-time undergraduate college students, you no doubt have a lot to keep in mind as you head off to school. If you're reading this, climate change is probably one of them, and with one-third of students choosing to live on campus, dorm life can have a big impact on the health of our planet. In fact, the annual energy use of one typical dormitory room can generate as much greenhouse gas pollution as the tailpipe emissions of a car driven more than 156,000 miles.
By Lorraine Chow
Kokia drynarioides is a small but significant flowering tree endemic to Hawaii's dry forests. Native Hawaiians used its large, scarlet flowers to make lei. Its sap was used as dye for ropes and nets. Its bark was used medicinally to treat thrush.
States that invest heavily in renewable energy will generate billions of dollars in health benefits in the next decade instead of spending billions to take care of people getting sick from air pollution caused by burning fossil fuels, according to a new study from MIT and reported on by The Verge.
Hawaii's Kilauea volcano could be gearing up for an eruption after a pond of water was discovered inside its summit crater for the first time in recorded history, according to the AP.
By Kristin Ohlson
From where I stand inside the South Dakota cornfield I was visiting with entomologist and former USDA scientist Jonathan Lundgren, all the human-inflicted traumas to Earth seem far away. It isn't just that the corn is as high as an elephant's eye — are people singing that song again? — but that the field burgeons and buzzes and chirps with all sorts of other life, too.
Humanity faced its hottest month in at least 140 years in July, the US National Oceanic and Atmospheric Administration (NOAA) said on Thursday. The finding confirms similar analysis provided by its EU counterparts.
By Hans Nicholas Jong
Indonesia's president has made permanent a temporary moratorium on forest-clearing permits for plantations and logging.
It's a policy the government says has proven effective in curtailing deforestation, but whose apparent gains have been criticized by environmental activists as mere "propaganda."