One Finite Planet

Big Oil, AKA Big Fossil: How real, and what about ‘big climate’?

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Yes, big oil clearly has a vested interest in arguing against climate change and downplaying risks, but on the other hand, aren't there also vested interests exaggerating and overstating the risks of climate change? Effectively 'big renewables', 'big science' or 'big climate'?

This is a look at the financial might on each side of the argument, and the respective motives for each side to overstate their case.

Is this really a balanced fight, or is it more like the might of 'big tobacco' vs 'whistle blower medical research' all over again?

The goal of this page?

There is clear evidence that significant funding is directed to promoting the continued use of fossil fuels, yet that nature of having a big budget to influences opinions, is that there is much material casting doubts on even that there is an influence budget, as well as

Time after time I find the need to provide evidence to validate statements that ‘big oil’ has a huge budget to spend on downplaying and debunking climate change, and there no one with a vest interest in exaggerating climate change with anywhere near a similar budget. Thus logically, if there is a media bias, it will go with the money, and against and any claim that climate change presents a real threat.

I have now decided to create a page with links to supporting evidence of the budget spend against action on climate change. The page should be updated over time, providing an increasing number of links to articles about funding either for, or against, climate change.

For balance, I examine the idea of ‘big climate’ or ‘big science’, being a source of funding bias data applied against the arguments of ‘big oil’.

The reality is, we do have a similar fight to ‘big tobacco’ vs ‘big medical staff’ all over again. Remember, how doctors earn more when more people are sick? While it can be that the more problems there are from climate change, the more money available for solutions, but in the end the scientists get little either way.

Who are big oil / big fossil?

It is not hard to find organisations of significantly wealth, who stand to lose a lot revenue if sales of fossil fuel products are reduced. Here is an extract from the list compiled by influencemap, of just such companies who lobby and act against measures to limit climate change.

As you can see, all the companies have substantial means to pursue their agenda, and either earn revenue, save costs, or improve market position from the continued use of fossil fuels.

See the links and resources section below for articles on the spending of ‘big oil’/ ‘big fossil’ to influence beliefs.

What about big renewables, big science or big climate?

Big Renewables: Big Sun, Big Wind.

If a company could own the rights to sunshine, or wind energy, the way a company can own supplies of oil, coal or gas, then there would be two equal sides arguing which should be used for energy. But in the end, no one monetises the sun or wind itself, and no one, at least so far controls supply. This means the amount of money available to promote fossil fuels is orders of magnitude beyond that available for promoting green energy. Further, there are entire nations, such as Russia and those in the middle east, who have a vested interest in promoting continued use of fossil fuels. Plus, even governments in countries without any reserves of fossil fuels, achieve more economic activity and taxation revenue from the sales of fossil fuels than is possible with renewables, which can though home solar etc, even allow consumers to have energy without any opportunity for the government to take a cut.

If someone finds a way to earn as we use sun or wind, then this could become a reality, with implications beyond energy.

Big renewable energy equipment suppliers?

There are companies who make solar cells. There are companies that make the turbines for wind farms. These equipment suppliers of ‘renewable energy equipment’ are the equivalent of oil rig construction companies or mining equipment companies. Note that oil rig construction companies and mining equipment companies do not make the list of ‘big oil’ or ‘big fossil’. In the end, supplying equipment just isn’t a big enough business to justify the spending required for a publicity campaign, nor is it so specialised that the industry relies on building one specific thing.

So: no ‘big equipment suppliers, either supporting fossil fuels or renewables.

Big Science.

Again, their is no ‘big science’ industry. Scientists are people who work in industries that monetise science, but science it self is not an industry. A scientist could make big money from, for example, the pharmaceutical industry, for their breakthrough research, but the industry making money is pharmaceutical industry, there is no science industry.

Scientists doing climate research generally not funded by any industry, but instead are funded by research bodies.

One thing ‘the big bang theory‘ comedy gets right, is that research body scientists are not well paid, and research funding is limited. Despite the suggestion that these people, despite being highly intelligent, could not find work if not for research grants, wall street is one of the top employers of physics graduates.

People work in science because they are passionate about science. There is no real profit motive for so many scientists to find the same conclusions as everyone else: that climate change is real. In science you get more attention by finding something new, not the same things over and over.

As a scientist you could fight for a government grant, or a big oil grant. Which is likely to provide the better funding? Or is there the possibility of a grant from ‘big climate’?

In any event, there is no ‘big science’.

Big Climate.

So what about ‘big climate’? In the recent Australian election, candidates with a policy supporting action on climate change could get funding from ‘Climate 200‘, a group supported started by a billionaire who wants action on climate change, apparently following his frustration from being expelled from a group to support a politician for calling for support for more action on climate change.

Other groups like this exist and support action on climate change, but there is no evidence any of the donors to these groups have any financial motivation for action on climate change. Sure, the donors tend to be very wealthy, but they become donors after they have gained wealthy from unrelated business activities.

The influence of ‘big’ groups on policy and the market.

Advertising: Consider sport advertising.

First it was tobacco, then it was banned. Then alcohol became the main sponsor, with limits now applied because of negative health outcomes. Currently the most visible advertiser is often gambling, another product that has prompted governments to place limits on advertising. At least in theory.

So why do governments limit advertising of certain products? Because two factors are at play:

  1. Advertising works, with enough advertising, you can change the behaviour of a percentage of people
  2. Many of the most advertised products, result in negative outcomes for those influenced by the advertising

So are fossil fuel companies advertising? Yes:

I plan to more links over time.

At this time, this is an early version of this page, so this section is just a raw collection of largely unsorted links. I hope to improve things over time, but in the meantime there quite a number of stories on how ‘big oil’ spends billions in a fight against action on climate change.