“Top US companies shelling out to block action on climate change – Analysis of 28 companies finds cases of support for thinktanks that misrepresent climate science, including Heartland Institute”
Some of America’s top companies are spending heavily to block action on climate change or discredit climate science, despite public commitments to sustainable and green values, a new report has found.
An analysis of 28 Standard & Poor 500 publicly traded companies by researchers from the Union of Concerned Scientists exposed a sharp disconnect in some cases between PR message and less visible activities, with companies quietly lobbying against climate policy or funding groups which work to discredit climate science.
The findings are in line with the recent expose of the Heartland Institute. Over the years, the ultra-conservative organisation devoted to discrediting climate science received funds from a long list of companies which had public commitments to sustainability.
The disconnect in this instance was especially stark in the researchers’ analysis of oil giants ConocoPhillips and ExxonMobil, and the electricity company DTE energy.
But even General Electric Company, which ranks climate change as a pillar of its corporate policy on its website, had supported trade groups and thinktanks that misrepresent climate science, the researchers found.
Caterpillar Inc, despite its public commitment to sustainability, also worked behind the scenes to block action on climate change. The company spent more than $16m (£10.3m) on lobbying during the study, with nearly five times as much of that spent lobbying to block climate action than on pro-environmental policies.