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Oil majors spend USD 200 million annually obstructing climate policy

The five largest listed oil and gas companies have spent nearly USD 200 million per year interfering with climate change mitigation policies, a new report shows.

Photo: Ritzau Scanpix/AP/Chuck Bennett

The five largest listed oil and gas companies have spent nearly USD 200 million per year to delay, control or block climate change mitigation policies, according to a new report from UK-based non-profit InfluenceMap, reports The Guardian.

According to the report, oil and gas majors Chevron, BP and ExxonMobil are the three companies working most intensely to obstruct climate policies.

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