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November 8, 2022

COP27: UN calls time on greenwashing as Big Oil spends $11mn on ‘misleading’ ads, says NGO

The UN tells companies net zero claims are incompatible with new fossil fuel investments. Meanwhile, Barbados’s prime minister Mia Motley calls for a 10 per cent tax on oil profits and the Center for Countering Digital Hate looks at greenwashing advertising spend.

Integrity matters, insisted the UN High-Level Expert Group that keeps an eye on net zero commitments from the private sector, cities and regions, in a report published at COP27 today. Business and financial institutions must report publicly on their progress towards net zero with verified information that can be compared to their peers to avoid “dishonest climate accounting”, it states.

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