Big Oil's Climate Pledges Crumble as Global Heat Records Soar
Despite the Earth experiencing record-breaking heat and scientists warning of the urgent need to phase out fossil fuels, major oil companies are quietly walking back on their climate pledges and expanding fossil fuel production. Companies like BP, ExxonMobil, and Shell have scaled back emission reduction goals, withdrawn funding for low-carbon fuel initiatives, and failed to increase investments in renewable energy. Experts argue that these actions demonstrate the industry's focus on record profits rather than addressing the climate crisis. Critics highlight the industry's history of blocking climate action and call for stronger regulation and a transition away from fossil fuels.