Oil Industry

powerfully destructive

Jump to: About the Oil Industry; Oil Industry Campaigns

 

Companies at the top are the best, at the bottom the worst.

company
overall
ranking
environ-
ment
human
rights
labor
ethics &
governance
health &
safety
1

D

C

C

C

n/i

2

D–

C–

C

C

n/i

3

D–

C–

C

D

n/i

4

F

F

D

C

F

5

F

D

C

F

C

6

F

D

D

F

F

7

F

F

D

F

D

Notes: Rankings proceed from top to bottom with companies at the top as more responsible within the industry and those at the bottom as the less responsible. Letter grades go in this order: A (best),B,C,D,F(worst) with plus (+) and minus (-). "n/i" means we don't have enough information to give a letter grade for that category. The color coding is another corporate responsibility indicator, in the order Green (best), Yellow, Orange, Red (worst). Companies in the green zone are sustainable and working towards creating a greener planet (most industries will not have companioes in the green zone as there are no companies that can be considered sustainable in that industry). Companies red zone have poor environmental and social responsibility records and should be avoided if possible. 'Orange' companies are not quite as bad as 'red' and ' yellow' zone are slightly better than orange. Orange and yellow companies have a ways to go before they can be considered green.

Fast facts about the oil industry:

  • BP's catastrophic oil spill in the Gulf of Mexico in 2010 has been named the worst oil spill in US history. The damage from the spill is still unfolding, with the vast destruction of wildlife, ecosystems and livelihoods. This industry is known for its environmental disasters and the Gulf oil spill is just the latest.
  • Chevron has recently been ordered to pay $9 billion in environmental fines in Ecuador. The industry in general has been associated with environmental destruction in the Ecuadorian rainforest and has dumped billions of gallons of contaminated wastewater into rivers and open pits in the Amazon jungle. In addition, the of companies have refused to support wilderness designation for the coastal plain of the Arctic National Wildlife Refuge and continued with plans for oil drilling in the region.
  • Internationally, the Baku-Tblisi-Ceyhan pipeline, which is planned to stretch across Azerbaijan, Georgia and Turkey has resulted in the widespread dislocation of residents without proper compensation. There is also a fear that this pipeline will reignite conflicts in this highly volatile region, and complaints of contaminated water supplies and landslides triggered by pipeline construction have already been reported.
  • Major companies have funded "junk science" to refute evidence of climate change due to rising carbon dioxide levels from fossil fuels.
  • The industry has violated ethical rules by bribing foreign government officials, falsely certifying plants and materials, and using monetary and lobbying sway to influence a regressive US energy policy.
  • Urge companies to invest in renewable energy for the future and find strategies for living a more socially responsible life on our Go Green website.