AIRLINK 78.39 Increased By ▲ 5.39 (7.38%)
BOP 5.34 Decreased By ▼ -0.01 (-0.19%)
CNERGY 4.33 Increased By ▲ 0.02 (0.46%)
DFML 30.87 Increased By ▲ 2.32 (8.13%)
DGKC 78.51 Increased By ▲ 4.22 (5.68%)
FCCL 20.58 Increased By ▲ 0.23 (1.13%)
FFBL 32.30 Increased By ▲ 1.40 (4.53%)
FFL 10.22 Increased By ▲ 0.16 (1.59%)
GGL 10.29 Decreased By ▼ -0.10 (-0.96%)
HBL 118.50 Increased By ▲ 2.53 (2.18%)
HUBC 135.10 Increased By ▲ 2.90 (2.19%)
HUMNL 6.87 Increased By ▲ 0.19 (2.84%)
KEL 4.17 Increased By ▲ 0.14 (3.47%)
KOSM 4.73 Increased By ▲ 0.13 (2.83%)
MLCF 38.67 Increased By ▲ 0.13 (0.34%)
OGDC 134.85 Increased By ▲ 1.00 (0.75%)
PAEL 23.40 Decreased By ▼ -0.43 (-1.8%)
PIAA 26.64 Decreased By ▼ -0.49 (-1.81%)
PIBTL 7.02 Increased By ▲ 0.26 (3.85%)
PPL 113.45 Increased By ▲ 0.65 (0.58%)
PRL 27.73 Decreased By ▼ -0.43 (-1.53%)
PTC 14.60 Decreased By ▼ -0.29 (-1.95%)
SEARL 56.50 Increased By ▲ 0.08 (0.14%)
SNGP 66.30 Increased By ▲ 0.50 (0.76%)
SSGC 10.94 Decreased By ▼ -0.07 (-0.64%)
TELE 9.15 Increased By ▲ 0.13 (1.44%)
TPLP 11.67 Decreased By ▼ -0.23 (-1.93%)
TRG 71.43 Increased By ▲ 2.33 (3.37%)
UNITY 24.51 Increased By ▲ 0.80 (3.37%)
WTL 1.33 No Change ▼ 0.00 (0%)
BR100 7,493 Increased By 58.6 (0.79%)
BR30 24,558 Increased By 338.4 (1.4%)
KSE100 72,052 Increased By 692.5 (0.97%)
KSE30 23,808 Increased By 241 (1.02%)

DAVOS: UN Secretary-General Antonio Guterres accused oil firms on Wednesday of peddling a “big lie” about their role in global warming and warned they should be held accountable.

“Some in Big Oil peddled the big lie,” Guterres told the World Economic Forum in the Swiss Alpine village of Davos, a week after a study said ExxonMobil denied the findings of its own scientists on the role of fossil fuels in climate change.

“We learned last week that certain fossil fuel producers were fully aware in the 1970s that their core product was baking our planet,” Guterres said.

“Just like the tobacco industry, they rode rough-shod over their own science,” Guterres said. “And like the tobacco industry, those responsible must be held to account.”

NGOs denounce banks financing new oil and gas projects

In 1998, US states won a landmark settlement against tobacco companies worth $246 billion aimed at recovering the costs of treating smokers from the harmful effects of cigarettes.

The study on ExxonMobil published in the journal Science last week found that the firm’s scientists had modelled and predicted global warming “with shocking accuracy”, only for the company “to spend the next couple of decades denying that very climate science”.

ExxonMobil is the target of a number of lawsuits in the United States.

Asked about the Science report, an ExxonMobil spokesman said last week that the issue had come up several times in recent years and in each case the company’s answer was that “those who talk about how ‘Exxon Knew’ are wrong in their conclusions”.

Comments

Comments are closed.