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The report analyzes the Integrity Council for the Voluntary Carbon Market (ICVCM), the UN High-Level Expert Group (HLEG), and the 'Race to Zero' alliance, asserting that these bodies are compromised by ties to the fossil fuel industry. It details how board members and advisors have professional links to companies like ExxonMobil, Shell, and BP, or financial institutions that continue to fund fossil fuel expansion. The document argues that these connections allow polluters to use 'net zero' frameworks as a tool for greenwashing and to avoid regulations that would require actual emission reductions at the source.

The document argues that BlackRock Investment Management (UK) is unfit to advise the European Commission on environmental, social and governance (ESG) risks in banking because of its financial stakes in fossil fuels and its history of lobbying against the EU taxonomy. The signatories claim that BlackRock's role as a major shareholder in European and global banks, as well as its holdings in coal, oil, and gas, create a conflict of interest that undermines the European Green Deal. The letter requests the cancellation of the contract, public disclosure of future reports, and a revision of the Commission's consultation procedures to reduce the influence of the fossil fuel industry.

Friends of the Earth outlines the potential conflicts of interest and environmental risks associated with Rex Tillerson becoming U.S. Secretary of State, citing ExxonMobil's history of funding climate denial and Tillerson's interests in Arctic drilling and the Keystone XL pipeline.