As negotiators around the world gather for what many expect to be a groundbreaking UN climate negotiating session at the 21st Conference of Parties (COP21) which will seek a legally binding agreement on climate action, few may know that their meeting is being funded by the Coal industry. The corporate sponsorship of COP21 creates a dangerous conflict of interest in three key respects. Many of the sponsors are highly invested in oil, gas, coal, and other carbon-polluting sectors, and have a vested interest in obstructing or weakening any real action on climate change. However, with major industrial polluters using their deep pockets to influence climate policy at every level, how will a meaningful agreement be secured?
Corporate Interest at COP21
A new report released by Corporate Accountability International highlights that 4 of the leading sponsors of this year’s UN climate negotiations are collectively responsible for more than 200 megatonnes of CO2 emissions worldwide. The report titled, ‘Fueling the Fire – The corporate sponsors bankrolling COP21’ reveals how European energy giants Engie, Électricité de France (EDF), Suez Environment and BNP Paribas collectively own more than 46 coal-fired power plants around the world, including investments in oil sands exploration in Canada and fracking for shale gas in the UK. This has raised serious concerns ahead of the UN conference as to the role that corporate lobby groups should have, as many feel that this direct financial interest goes against the moral focus of the negotiations.
Patti Lynn, Executive director of Corporate Accountability International noted that the decision to allow these large polluters to sponsor the conference is “akin to hiring a fox to guard a hen house". She also argued that the UN climate negotiation was at risk of becoming a “corporate tradeshows for false market-based solutions.”
The report not only highlights the public behaviour of many of these companies, but also what they do behind the scenes. Earlier this year, ExxonMobil was famously outed for having suppressed knowledge of their role on contributing to Climate Change for the past 30 years. However, it appears that many of the new conference sponsors have similarly questionable records on direct policy interference. While EDF claims to be “committed to a decarbonized world,” it is an active member alongside ExxonMobil and Shell of Business Europe. This group has been linked to; openly oppose the “market deployment of energy produced from renewable sources” across Europe.
But it is perhaps their public actions that speak the loudest. In 2014, the sponsoring energy giant Engie directly profited from more than 131 megatons of greenhouse gas emissions. That is equivalent to the pollution emitted from driving a car around the globe 12 million times. "Despite recent announcements to stop new coal projects, Engie still owns 30 dirty coal power plants worldwide." Célia Gautier, policy advisor at Climate Action Network France. The report finally calls for future climate policy-making to be free of corporate interests through directly disallowing large contributors to climate change from the policy-making process, in a similar way that big tobacco was kicked out of health talks a decade ago.
UNFCCC – Twenty Years of Inaction
After two decades of negotiations, the UNFCCC has been unable to achieve meaningful action on climate change. The failure of 20 climate summits to date has corresponded with a dramatic speed up of greenhouse gas emission rates. In fact, since 1988, more than half of all industrial carbon emissions have been released, raising the prospect of irreversible climate change.
Global inaction on climate change is also the consequence of political and economic interference by the fossil fuel industry. For decades, corporations, like ExxonMobil and Shell, have run sophisticated and effective campaigns of denial and deception about climate change. To undermine progress on climate policy and to secure their own profits, they have utilized a range of interference tactics, including financial contributions, corruption and lobbying, PR campaigns, litigation and legal threats, funding junk science, issuing contradictory statements, and sponsoring front groups, think tanks, and trade associations to do their dirty work.
The association of such corporations with the UNFCCC has not simply blocked or impeded meaningful climate action. It also has shifted the focus of negotiations onto market-based solutions, such as carbon prices and trading, as well as onto techno-fixes, such as carbon sequestration, fracking, and nuclear energy none of which have reduced overall emissions globally or spurred wide-spread low-carbon investments in national economies that meet the the deadlines for averting climate chaos. These same corporations have also interfered with the proceedings and operations of the UNFCCC. From the earliest COP meetings to today, transnational corporations and their associated business lobbies have positioned themselves to undermine or influence any potential climate treaty.
Time for Action
The time for action is now. With the world watching, governments must agree to remove the influence of fossil fuel corporations and other polluting industries from climate change negotiations. With precedent established in international law specifically, in the World Health Organization’s Framework Convention on Tobacco Control it is possible to exclude the big carbon polluters from U.N. summits on climate change. Indeed, it is the only way to secure bold, effective policy at COP21 that will curb the effects of climate change and move us to a more just, equitable future for all.
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