Big Oil Could Have Put A Dent In CO2 Emissions In 1970s — But Did Nothing
According to new documents from the Center for International Environmental Law, the industry chose to prioritize costs over the planet.
The new documents show oil companies chose to invest in climate denying instead of on technologies to reduce emissions.
Between the 1950s and 1970s, the industry also financed studies into how petroleum products could be used to control the climate.
The research included burning oil to clear areas of fog and smog, and constructing massive “artificial heat mountains” out of asphalt to increase rainfall.
As early as the 1980s, oil companies were beginning to invest in taller oil rigs that could withstand rising sea levels.
Tom Sanzillo, finance director at the Cleveland-based Institute for Energy Economics and Financial Analysis, told Vice there is a clear potential, perhaps even likelihood, that these documents will result in litigation against oil companies.
Sanzillo said, “This looks like it’s pretty serious, and it just seems to get worse.”