Bold vs. BS in Corporate Climate Pledges
A Matter of Degrees
Dr. Leah Stokes, Dr. Katharine Wilkinson
4.8 • 533 Ratings
🗓️ 1 December 2022
⏱️ 37 minutes
🧾️ Download transcript
Summary
In this episode, we investigate corporate climate commitments and how to make them stronger. We get to the root of zero-emissions pledges and greenwashing — specifically in the oil and gas industry.
Dr. Paasha Mahdavi, associate professor of political science at the University of California, Santa Barbara, joins us to report this story. Paasha talks with Louise Rouse, a consultant who teams up with investors to push corporations for climate accountability. He also speaks with The Science Based Targets Initiative's head of standards, Emma Watson, and Jill Courtenay, director of communications and project management at the shareholder advocacy nonprofit, As You Sow.
Leah, Katharine, and Paasha look at how we can get to a decarbonized economy through policy and shareholder activism — a tool that can be used by anyone with a retirement account. They learn about the SEC's proposed mandatory disclosure rules, shareholder resolutions, and the difference between buzzwords like "carbon neutral" and "net zero." Paasha also mentions three different categories, or "scopes," of corporate emissions. You can read about scope one, "burn," scope two, "buy," and scope three, "beyond."
Corporations that keep this info hidden can face serious blowback from their investors. Check out this earth-shaking vote by ExxonMobil shareholders to reshape the company's board of directors in 2021 (which Jill Courtenay mentions in the episode).
Next time, we'll enter the worlds of three activists working across the country to fight petrochemical pollution within their communities. Subscribe wherever you get your podcasts and don't miss a single episode this season!
Transcript
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| 0:00.0 | Let's start this episode with a little time travel. |
| 0:06.6 | We're going to go all the way back to 2012. |
| 0:10.6 | You might remember that K-pop sensation Gungnam style has taken over global radio waves. |
| 0:16.0 | I mean, everybody is doing that dance. |
| 0:18.6 | But that's not the only thing that's happening. There's also climate stuff going on. |
| 0:22.6 | Lots of fossil fuel developments. |
| 0:25.6 | BP is still cleaning up the Deepwater Horizon spill from two years earlier. |
| 0:29.6 | The Canadian tar sands are kicking up renewed interest. |
| 0:33.6 | Oh, and Shell plans to move forward on a new project, Arctic Oil Exploration. |
| 0:39.5 | In hindsight, it seems kind of crazy that folks would be drilling for new oil in the Arctic a decade ago. |
| 0:45.3 | But the Arctic is estimated to hold about 13% of the world's undiscovered oil and 26% of undiscovered gas. |
| 0:53.4 | Big oil's not about to miss out. |
| 0:55.0 | Shell was the first of many that were lining up. |
| 0:59.0 | You know, Equinoor was planning to go into the US Arctic. |
| 1:01.0 | Chevron was looking at the US Arctic. |
| 1:04.0 | We felt that Shell would be the opening of the gates into that frontier. |
| 1:08.0 | That's Louise Rouse. |
| 1:10.0 | At the time, Louise was a young consultant |
| 1:12.6 | working for a nonprofit called Share Action when her team got a daunting request to try and |
| 1:19.0 | block Shell from opening those gates in the Arctic. They weren't climate scientists or even |
| 1:24.9 | protesters. They worked with investors, including ones who owned shares of Shell. |
| 1:31.2 | Louisa's job was twofold, convince investors that Shell's Arctic exploration was a big |
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