An investigation into the world’s biggest fossil fuel companies has revealed spends of USD 110 billion in new oil and gas projects, despite spending USD 1 billion in climate change policy lobbying and green PR. The increased spends on fossil fuel projects dwarfs that of low-carbon investments by the giants, which stands at USD 3.6 billion. Exxon Mobil Corp., Royal Dutch Shell, Chevron BP and Total accelerated the promotion of their green energy projects following the Paris Agreement, whereby nearly all of Earth’s nations agreed to cut emissions.
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