Thread by @DivestHarvard

(1/12) Fossil fuel companies being complicit in Russian aggression: a thread

(2/12) On its website, @Exxon brags about its ties to the Russian oil sector.

It's embarked on joint ventures with the Russian state oil company Rosneft.

Indeed, its former CEO once received the Order of Russian Friendship award directly from Putin.

(3/12) @bp_plc touts the fact that it's one of Russia's largest foreign investors, and holds seats on the board of a fossil fuel company personally run by a top Putin deputy.

According to The Guardian, these ties have sparked concern at the highest levels of UK government.

(4/12) @Shell is a top partner in the Russian oil giant Gazprom's Sakhalin-2 natural gas project, and a backer of the Nord Stream 2 pipeline that sought to help Russia sell gas to western Europe.

(5/12) #Schlumberger has been fined for ignoring sanctions and selling to Russian fossil fuel interests.

(6/12) @Chevron is involved in a multi-billion dollar Russian pipeline, supplies the Russian oil refining industry, and proudly declares that it "continues to identify business opportunities in Russia."

(7/12) @APIenergy has previously lobbied against real sanctions on Russia, since it might have hurt their sector's profit.

(8/12) So why does this matter? Because right now, fossil fuel companies are arguing that they need to be set free of regulation to serve America's interests, trying to claim the mantle of patriotism to justify expanded exploration and production.
nytimes.com/2022/02/26/cli…

(9/12) And thus far, they've managed to get a lot of people to listen. Indeed, as @adam_tooze notes, the recent American sanctions package explicitly had a fossil fuel carve-out:

adamtooze.substack.com/p/chartbook-86…

(10/12) This is dangerous. Not only are renewables a better solution for ensuring global peace and security — a continued fossil fuel reliance only strengthens Russia's geopolitical power and finances its aggression.

From @jamieclimate:

theguardian.com/commentisfree/…

(11/12) So don't let fossil fuel companies pretend that they're on the right side of history. They've spent years propping up Putin's war machine, and plan on continuing for years to come.

Decarbonization is a crucial step towards the more stable and just world we all deserve.