The Responsibilities of Carbon Major Companies
Are They (and Is the Law) Doing Enough
Bibliographic Data
| ID | 4610163 |
|---|---|
| Authors | Lucy Benjamin (0000-0001-9696-9817, College of The Bahamas, corresponding author), Lisa Benjamin |
| Year | 2016 |
| Volume | 5 |
| Issue | 2 |
| Pages | 353-378 |
| Publication date | 2016-10-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Transnational Environmental Law (JOURNAL) |
| Journal identifiers | ISSN: 2047-1025 • E-ISSN: 2047-1033 |
| Publisher | Cambridge University Press (CUP) (PUBLISHER) |
| DOI | 10.1017/s2047102516000194 |
| OpenAlex | W2535631175 |
| Language | EN |
| Citations received | 6 |
| References cited | 36 |
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
Business · Climate change · Climate change mitigation · Corporate governance · Corporate law · Corporate social responsibility · Energy law · Environmental law · Greenhouse gas · Political science · Shareholder · Sustainability · Corporate Law and Human Rights · Environmental law and policy · Law · Regulation and Compliance Studies · Accounting · Finance
Courts, climate litigation and the evolution of earth system law
Regulating humanity's impact on the earth
Symposium Foreword
Foreword to the TEL Fifth Anniversary Issue Re-evaluating the Principle of Common But Differentiated Responsibilities in Transnational Climate Change Law
Climate change litigation
Transnational Environmental Law's Missing People
Tracing anthropogenic carbon dioxide and methane emissions to fossil fuel and cement producers, 1854–2010
Moving Towards Stakeholderism? Constituency Statutes, Enlightened Shareholder Value, and More
Royal Dutch/Shell
The New Economic Theory of the Firm
Directors' Duty to Act Bona Fide in the Interest of the Company
Reforming Directors’ Duties
Governing Climate Change
Integrated Ombudsmanry
Explaining Corporate Environmental Performance
| Unique citing works | 6 |
|---|---|
| Citations per year | 0,6 |
| Citation span | 2016 - 2024 (9) |
| Citation velocity | recent |
| Highly cited | No |
| Citation types | Neutral: 6 |