On matters of climate change, the tech industry has a new opportunity to act morally. Will it rise to the occasion?
were approved around the world. Exxon announced a new offshore-drilling project in Guyana; according to the Banking on Climate Chaos report from March, Citi and Chase are funders of some of the companies involved. Canada, too, approved a new offshore project: more than sixty wells to be drilled in the Flemish Pass, off the Newfoundland coast. The lead company on that project, Equinor, banks with Chase and Bank of America.
Salesforce has even tried to start counting the impact of its financial arrangements. In April, when the company released its latest emissions report, it put a figure in category 15 in the Scope 3 section of its World Resources Institute worksheet, but that figure reflects only the carbon impact of its relatively small venture-capital efforts. I was curious how Salesforce would react to the news that, according to the new accounting, its emissions may have gone up ninety-one per cent.
When I ran the new numbers by members of Google’s sustainability team, they didn’t want to be quoted directly, but they said that their calculations of emissions had changed over the years, as new information became available, and that they looked forward to studying the data.
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