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The Responsibilities of Carbon Major Companies: Are They (and Is the Law) Doing Enough?

机译:碳大公司的责任:他们(以及法律)做得足够吗?

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摘要

Transnational carbon major companies are responsible for over 30% of global industrial greenhouse gas emissions and exert tremendous influence over future global climate trajectories. Yet, they are not governed through top-down, stringent emissions limits, but are instead regulated largely by disclosure-only domestic requirements and market-based or voluntary corporate social responsibility mechanisms. Through an examination of the requirements of domestic laws such as the United Kingdom (UK) Climate Change Act 2008 and the UK Energy Act 2013, as well as the environmental and sustainability reports produced under the UK Companies Act 2006 (Strategic Report and Directors' Report) Regulations 2013, this article analyzes the regulatory requirements placed on carbon majors, and the climate change pledges and emissions of five UK-based carbon majors: BP, Royal Dutch Shell, BG Group, National Grid, and Centrica. The article concludes that the efforts to curb emissions in these carbon major entities are being subverted by company law, company theory and commercial norms such as shareholder wealth maximization.
机译:跨国的碳排放大公司占全球工业温室气体排放量的30%以上,并对未来的全球气候轨迹产生巨大影响。然而,它们并不受制于自上而下的严格排放限制,而是主要由仅公开的国内要求以及基于市场或自愿的企业社会责任机制来监管。通过审查国内法律的要求,例如《 2008年英国(英国)气候变化法》和《 2013年英国能源法》,以及根据《 2006年英国公司法》编制的环境和可持续发展报告(战略报告和董事报告) )《 2013年法规》,本文分析了对碳专业的监管要求,以及五家英国碳专业的气候变化承诺和排放量:BP,荷兰皇家壳牌,BG集团,国家电网和Centrica。文章得出的结论是,公司法律,公司理论和商业准则(例如股东财富最大化)正在颠覆这些碳主要实体的减排努力。

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