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Piercing the corporate veil: Towards a better assessment of the position of transnational oil and gas companies in the global carbon budget
The Anthropocene Review ( IF 2.5 ) Pub Date : 2019-07-29 , DOI: 10.1177/2053019619865925
Pierre-Louis Choquet 1
Affiliation  

In recent years, research in climate science has increasingly emphasized the need to reduce fossil fuel supply in order to avoid an overshoot of the global carbon budget and to meet the Paris Agreement target to keep global warming ‘well below 2°C’. This article aims to outline a balanced appreciation of the particular responsibility held by transnational oil and gas companies in the global challenge to organize an equitably managed decline in fossil fuel extraction. It does so by focusing on a case study. The latter consists of the stylized reconstruction of the internal social dynamics that shape the power structure of the French firm Total and of questioning its ability to make investment decisions aligned with the imperative to preserve the stability of the climate system, as its public position makes clear. The persistence of short-termed compensation schemes in the higher corporate hierarchy impedes the elaboration and implementation of deep decarbonization strategies at the firm level. These would imply a significant upscaling of investments in renewable energy and/or carbon-capture storage technologies, in order to avoid the foreseeable destruction of corporate jobs linked to oil and gas extraction in an increasingly carbon-constrained world.

中文翻译:

揭开公司面纱:更好地评估跨国石油和天然气公司在全球碳预算中的地位

近年来,气候科学研究越来越强调减少化石燃料供应的必要性,以避免全球碳预算超支,并达到《巴黎协定》的目标,以使全球变暖“远低于2°C”。本文旨在概述对跨国石油和天然气公司在全球挑战中组织化石燃料开采量的合理管理下降所承担的特殊责任的均衡理解。通过关注案例研究来做到这一点。后者包括对塑造法国公司道达尔的权力结构的内部社会动力进行程式化的重构,以及质疑其做出决策的能力与维护气候系统稳定性的必要性相一致的能力,因为其公众立场明确。短期薪酬计划在较高的公司层级中的持久性阻碍了公司层面深层脱碳策略的制定和实施。这将意味着对可再生能源和/或碳捕获存储技术的投资将大幅增加,以避免在日益受到碳限制的世界中,可预见的与石油和天然气开采相关的公司工作受到破坏。
更新日期:2019-07-29
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