The Push for Ad Agencies to Ditch Big Oil Clients

An activist coalition is pressuring firms to stop promoting fossil fuel companies—some of which have advertised oil and gas as “climate friendly.”

Here is a completely true statement: Between 2015 and 2019, oil and gas firms doubled the share of their capital spending going to renewables and carbon-capture technologies. Here’s the chaser: That accounted for less than 1 percent of Big Oil’s overall capital investment, according to the International Energy Agency; 99 percent still went to oil and gas.

The additional context paints a very different picture of investments by fossil fuel companies in green energy. Now, as state and local courts sort through ongoing suits against Big Oil for misleading

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