Fossil fuel industry responsible for the climate damage
Scientists, climate change advocates, climate scholars and the global populace at large have come out guns blazing with surmountable evidence that is proof beyond the shadow clear doubt that these unrepentant companies are accountable for this global climate damage and they need to come clean by putting together programming that promote and are in tandem with global concerns on climate change and its effect, more so that they should be in the leading role in funding projects that seek to address the effects of climate change.
Union of Concerned Scientists researchers have evidence at hand that really continue to prove the responsibility of these big companies like Chevron, BP, SHELL and ExxonMobil on the release of carbon emissions into the air. Research has it that these companies still have carbon reserves that will last for the next 12 years in production and that these companies spend a budget of 700 billion United States dollars annually in identifying and developing new fossil fuel reserves. Top scientists Reede and Oreskes warn that such developments are causing more risk of driving emissions traced to these companies “exceed the carbon budget and push global climate well past” global temperature limits. Reede and his colleague advise consumers to pressurize these companies to stop investing in fossil fuel development for it poses great effects in the climate trends of the globe further impacting negatively to the social economy of the global population. Scientists pose a challenge to the Fossil fuel Industry to work on resolutions that are in line with the Paris Climate Commitments that they contribute constructively and begin a transition process of becoming responsible energy companies. It is also responsible for them to “join with other leading corporations in committing to adopt science-based targets for reducing emissions across their operations and detail their plans for doing so to investors and the public; substantially increase their investment in clean energy technology research and deployment; and unequivocally denounce and distance themselves from continued climate and clean energy disinformation from industry-supported trade associations and lobbying groups.”
In his analytical report on Top 90 Carbon Producers, Peter Frumhoff a global ecologist quoted a conclusion by one other top member of the Union of Concerned Scientists, Heede. Who continues to argue that traceable carbon emissions are a responsibility of major carbon industrial producers .The scientist further pointed out that fossil fuel industry should be held accountable the same way the tobacco industry did. The UNFCCC is being lobbied to play a bigger role in its regulation and implementation of policy on the responsibility of fossil fuel industry to the global climate damage the same way the FTCTC achieved in holding the tobacco industry accountable for its threats to global health. Here in is what Heede had to say in his conclusion as quoted by Peter Frumhoff, the Chief Scientist for UCS climate campaign, “Most analyses to date, including the UNFCCC (UN Framework Convention on Climate Change) structure, consider responsibility in terms of nation-states…. However, responsibilities can also be understood in other ways as well, as done in the present analysis tracing emissions to major carbon producers. Shifting the perspective from nation-states to corporate entities—both investor-owned and state-owned companies—opens new opportunities for those entities to become part of the solution rather than passive (and profitable) bystanders to continued climate disruption…..Regulation, litigation, and shareholder actions targeted at the private entities responsible for tobacco-related diseases played a significant role in the history of tobacco control; one could imagine comparable actions aimed at the private entities involved in the production of fossil fuels, particularly insofar as some of the entities included in this analysis have played a role in efforts to impede legislation that might slow the production and sale of carbon fuels.”
On top of the Union of Concerned Scientists findings on the Fossil fuel industry delaying tactics on global climate justice. In America the California bill is seeking for the accountability of the Industry for their climate science deception and also that they for the damage they caused. The Commission of Human rights in Philippines argues that these companies have infringed the fundamental human rights of the people and they should give solutions on the prevention and elimination of climate challenges. The commission further instigate the re moval of investments assets including stocks, bonds and investment funds involved in the extracting of fossil fuels in an attempt to reduce climate change. The necessity of introducing carbon tax for these companies is said that will help to reduce emissions. According bangla news Swedish Ministry of Environment is one biggest case study in the introduction of carbon tax and carbon emissions since the introduction of this measure carbon emissions has been reduced to 20% and the country has achieved its target of the Kyoto protocol.
Sincce 2005 the European economies have introduced a cap- trade system to cut greenhouse emissions from more than 10 ooo big companies who are major polluters. Scientists and economists concur that by introducing carbon tax and cap- and – trade system. Fossil fuel companies will pay for their global damage and by doing so the emissions are reduced hence deducing global warming.
According to the IN-NEWS Major global environmental organizations, leadership and advocates have appended their signatures on the carbon tax advocacy declaration called the Carbon Levy Project. These organizations include 350.org and Greenpeace. The Declaration state that fossil fuel companies are accountable for 70% percent of global warming and they should pay for the resulting costs for the countries affected. The carbon Levy Project further argues that subsidies for fossil fuel companies are very much obscene and that these companies can afford to fund companies facing extreme climate disparities.
It is evident that the fossil fuel industry is really responsible for the climate damage in the world. It should be held accountable and pay damages. It is the role of the responsible Framework UNFCCC to work with scientists, climatologists, environmentalists and governments in implementing policies. The FTCTC achieved it in making the tobacco industry for its damage.
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