Un análisis de los vínculos entre Grandes Contaminadores y destacadas iniciativas de emisiones “cero neto”
Summary
The report analyzes the links between 'Big Polluters' and three major net-zero initiatives: the Integrity Council for the Voluntary Carbon Market, the High-Level Expert Group (HLEG) on Net-Zero Commitments of Non-State Entities, and the Race to Zero. It argues that these initiatives are compromised by leaders and advisors with deep ties to the fossil fuel industry, allowing companies to 'greenwash' their business models while continuing to finance fossil fuel expansion. The document highlights specific instances where financial institutions and corporate executives within these bodies have a history of funding fossil fuels or opposing environmental justice, thereby questioning the credibility of the standards and guidelines these bodies produce.
Key insights
- The Integrity Council for the Voluntary Carbon Market is governed by individuals with strong ties to fossil fuel companies and financial institutions that fund them, including executives linked to ExxonMobil, Petrobras, BP, and Shell.
- The Integrity Council's market representatives include the CEO of Verra, whose carbon offset methodology was criticized in 2021 for being based on a 'flawed system' and having a 'significant credibility problem'.
- The High-Level Expert Group (HLEG) on Net-Zero Commitments includes members with controversial records, such as Catherine McKenna, who supported the Trans Mountain pipeline, and Helena Viñes Fiestas, whose former employer BNP Paribas was the EU's largest fossil fuel financier from 2016 to 2020.
- The Race to Zero alliance includes numerous financial institutions that continue to provide massive funding for fossil fuels; in 2021, member banks provided $538 billion in total fossil fuel financing, with $138 billion (approximately 25%) dedicated to new expansion projects.
- The Race to Zero initiative reportedly weakened its criteria for phasing out coal projects after member banks threatened to leave the alliance following warnings from fossil fuel sector partners.
- The report concludes that 'net zero' agendas are being manipulated by major polluters to create an illusion of climate action while avoiding significant emission reductions and bypassing national sovereignty and regulation.
Cite the original document
- APA
- Bradbury, A. (2022). Un análisis de los vínculos entre Grandes Contaminadores y destacadas iniciativas de emisiones “cero neto”. Friends of the Earth International. https://www.foei.org/wp-content/uploads/2022/11/conflictos-de-interes-ponen-en-duda-su-credibilidad_ATI_CA_GFC_novembre-2022.pdf
- Chicago
- Bradbury, Adam. Un análisis de los vínculos entre Grandes Contaminadores y destacadas iniciativas de emisiones “cero neto”. Friends of the Earth International, 2022. https://www.foei.org/wp-content/uploads/2022/11/conflictos-de-interes-ponen-en-duda-su-credibilidad_ATI_CA_GFC_novembre-2022.pdf.
- Wikipedia
- {{cite report |last1=Bradbury |first1=Adam |title=Un análisis de los vínculos entre Grandes Contaminadores y destacadas iniciativas de emisiones “cero neto” |publisher=Friends of the Earth International |date=2022 |url=https://www.foei.org/wp-content/uploads/2022/11/conflictos-de-interes-ponen-en-duda-su-credibilidad_ATI_CA_GFC_novembre-2022.pdf |access-date=23 October 2026 |via=Climate Insights Directory}}
- BibTeX
- @techreport{bradbury2022anlisis, author = {Bradbury, Adam}, title = {{Un análisis de los vínculos entre Grandes Contaminadores y destacadas iniciativas de emisiones “cero neto”}}, institution = {Friends of the Earth International}, year = {2022}, url = {https://www.foei.org/wp-content/uploads/2022/11/conflictos-de-interes-ponen-en-duda-su-credibilidad_ATI_CA_GFC_novembre-2022.pdf}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }
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