Energy & Environment — Despite pledges, companies lobby against climate action

Presented by BP — Nearly 60% of companies had concrete climate targets

View Online Energy & Environment Energy & Environment   PRESENTED BY  The Big Story  Companies with net-zero goals lobby against climate policy: analysis Many major U.S. corporations are lobbying against policies that would mitigate climate change despite having promised to cut their own emissions, according to a new report.  © Illustration/Samantha Wong; Adobe Stock A report from the group InfluenceMap found 58 percent of companies set concrete climate targets that were contradicted by their own lobbying.   It particularly highlighted efforts to weaken proposed government policies or to promote planet-warming fossil fuels.    It said that the fossil fuel, airline and utilities industries were the worst offenders.    In response, the lead author of a 2022 U.N. anti-greenwashing report criticized the corporate policies.    "Not only are many companies choosing to undermine their own climate commitments by lobbying against climate action, their net zero commitments are simply not credible," Catherine McKenna, former Canadian environmental minister and head of the U.N. task force on the corporate push for net-zero, said Thursday.    Read more in a full report from our colleague Saul Elbein at TheHill.com. Welcome to The Hill's Energy & Environment newsletter, I'm Rachel Frazin  — keeping you up to speed on the policies impacting everything from oil and gas to new supply chains. Did someone forward you this newsletter? Subscribe here. Essential Reads  How policy will affect the energy and environment sectors now and in the future: Biden administration uses wartime authority to bolster energy efficient manufacturing The Biden administration said Friday that it used wartime authority to bolster manufacturing of energy efficient heating and cooling technology.   Full Story Puerto Rico raises alarms as FEMA ends power generation mission Puerto Rico’s government and private institutions are worried the island’s electric grid could once again collapse, after federal officials announced the end of an emergency power generation mission.  Full Story Wildfires in NC, Virginia close sections of Appalachian Trail, Blue Ridge Parkway Wildfires in Virginia and North Carolina have shut down portions of the Blue Ridge Parkway and the Appalachian Trail, according to officials.  Full Story A MESSAGE FROM BP EV charging or oil & gas? For bp, it's both.    bp is investing in America by building charging hubs in California and starting up new infrastructure in the Gulf of Mexico. See what doing both means for energy nationwide. In Other News  Branch out with a different read from The Hill: Autoworkers ratify contract with Stellantis, on track to approve Ford deal Members of the United Auto Workers (UAW) union have ratified a contract with Stellantis and appear to be on track to approve a similar deal with Ford, the union's vote tracker showed Friday. Full Story What We're Reading  News we've flagged from other outlets touching on energy issues, the environment and other topics: This Oil Company Wants Your Money, Your Prayers, and Your Support for Israel (The New Republic)   EU to renew herbicide glyphosate approval for 10 years (Reuters) A MESSAGE FROM BP More lower carbon energy + keeping oil & gas flowing bp's US workforce – our largest in the world – is keeping oil and gas flowing and developing more lower carbon energy. It's our "and, not or" approach at work. What Others are Reading  Two key stories on The Hill right now: Senate Republicans get ready to roll Tuberville on military holds  Republican senators are laying the groundwork to vote before Christmas on a Democratic-drafted resolution to circumvent the blockade that Alabama Sen. Tommy Tuberville (R) has placed in front of more than 400 military nominees.  Read more Judge denies Trump's mistrial motion in NY fraud case A New York judge has denied former President Trump’s motion for a mistrial in his civil fraud case, rejecting the claim that the judge and his principal law clerk had “tainted” the trial with bias. Read more Opinions in The Hill  Op-eds related to energy & environment submitted to The Hill: Fed Chair Powell is ignoring the greatest threat to our economy: climate risk   You're all caught up. See you next week!  Check out The Hill's Energy & Environment page for the latest coverage. Like this newsletter? Take a moment to view our other topical products here 📩 Privacy Policy  |  Manage Subscriptions  |  Unsubscribe  1625 K Street NW, 9th Floor, Washington, DC 20006 Copyright © 1998 - 2023 Nexstar Media Inc. | All Rights Reserved.

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