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UPDATE 1-U.S. Congress puts Big Oil in the hot seat in climate deception probe

Thu, 28th Oct 2021 15:59

(New throughout, updates with opening of hearing,
Representative Maloney comments)

By Valerie Volcovici and Timothy Gardner

WASHINGTON, Oct 28 (Reuters) - The U.S. Congress on Thursday
opened a year's worth of investigations into whether Big Oil
deceived Americans about its role in climate change, with
Democratic lawmakers grilling the chiefs of four oil companies
and two lobby groups.

Environmental groups and their congressional allies hope the
hearing evokes the Big Tobacco hearings of the 1990s, which
began a shift in public opinion about that industry. Energy
industry representatives plan to focus on their current support
of climate action.

"We will demand accountability from Big Oil for their role
in fueling the climate crisis and deceiving the public, and we
will urge the industry to finally take meaningful action to rein
in emissions from fossil fuels before it is too late," Carolyn
Maloney, the chairwoman of the House oversight committee holding
the hearing said in prepared remarks.

Representative Ro Khanna, who is helping to lead the
hearings, said if lawmakers can show the oil companies lied, "I
think it will be a Big Tobacco moment for Big Oil."

It will be the first time that executives of the top oil
majors - ExxonMobil, Shell Oil, BP America and Chevron - and the
heads of the American Petroleum Institute and Chamber of
Commerce will answer questions about climate change in Congress
under oath.

The hearing was delayed nearly two hours by a last minute
visit by President Joe Biden to Capitol Hill to update lawmakers
on the framework of his spending and climate legislation.

Representative James Comer, top Republican on the committee,
will say the panel should be addressing inflation and high
energy prices which he believes are caused by policies of
President Joe Biden's administration, according to written
testimony that contained no mention of climate change.

Republicans invited Neal Crabtree, a welder who lost his job
after Biden canceled the Keystone XL oil pipeline, to testify to
the panel.

This summer, the United Nations released a report warning
that unless immediate, rapid and large-scale action is taken to
reduce emissions, the average global temperature is likely to
reach or cross the 1.5-degree Celsius (2.7 degrees F) warming
threshold within 20 years.

BP America's CEO David Lawler and Shell Oil's CEO Gretchen
Watkins plan to talk about their recognition that climate change
was a problem in the 1990s and about their current efforts to
adapt their business models to add more renewable energy and
lower emissions, according to prepared testimony.

Exxon Mobil CEO Darren Woods will say that the company
"responded accordingly" when the "scientific community's
understanding of climate change developed" and that oil and gas
will still be needed to meet growing global energy demand.

And the energy interests are also likely to say that more
time is needed for a transition to cleaner energy.

Suzanne Clark, the president and CEO of the Chamber, will
tell lawmakers that one of President Joe Biden's top climate
aides, John Kerry, said this year that half of the emissions
cuts needed to get to net zero will come from technologies that
are not developed yet, according to her written testimony.
(Reporting by Valerie Volcovici and Timothy Gardner; Editing by
David Gregorio)

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*

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Comments and questions to newsroom@alliancenews.com
  
A full 21-day events calendar is provided each day with a subscription to Alliance News UK Professional.
  
Copyright 2024 Alliance News Ltd. All Rights Reserved.

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Comments and questions to newsroom@alliancenews.com
  
A full 21-day events calendar is provided each day with a subscription to Alliance News UK Professional.
  
Copyright 2024 Alliance News Ltd. All Rights Reserved.

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