CNOOC

InfluenceMap Score
C-
Performance Band
59%
Organisation Score
45%
Relationship Score
Sector:
Energy
Head​quarters:
Hong Kong, China
Official Web Site:
Wikipedia:

Climate Lobbying Overview: CNOOC appears to have mixed engagement with climate change policy. The company appears supportive of ambitious climate action in its top-line messaging, and advocated for the introduction of a carbon tax in China. However, the company appears to support a long-term role for natural gas in the energy mix, contrary to IPCC guidance.

Top-line Messaging on Climate Policy: Overall, CNOOC has communicated a positive top-line position on climate change. In its 2020 ESG Report, accessed in May 2021, the company stated support for the Paris Agreement and the goals of carbon peak and carbon neutrality announced in China’s Nationally Determined Contributions (NDCs). In addition, as reported by media outlet Sohu in November 2021, the company stated support for government policy to decarbonize the economy. However, InfluenceMap was unable to find evidence of explicit support for emissions reductions in line with IPCC guidance.

Engagement with Climate-related Regulations: CNOOC has communicated positively on several climate-related policy streams. In an interview reported by media outlet OfWeek in January 2020, CNOOC advocated for a carbon tax on coal, oil, and gas as a top-level measure to facilitate a systemic energy transition in China. In January 2021, CNOOC stated support for introducing an emissions trading system in China, in an oil and petrochemical industry’s Joint Statement on China's Carbon Peak and Neutrality Goals. In another joint statement initiated by the Methane Emission Control Alliance, published on the company’s blog in May 2021, CNOOC stated support for the government's formulation and implementation of methane emission control policies. However, CNOOC has not communicated positions on any specific policy items on its corporate website, and it has not responded to CDP’s Climate Change survey since 2016.

Positioning on Energy Transition: CNOOC does not appear fully supportive of the energy transition. In March 2021, as reported by media outlet Oil In-En, CNOOC stated support for clean energy and the transition towards a green and low-carbon energy sector. In a December 2021 press release, CNOOC stated support for electricity generation from renewables. However, as reported by Reuters in January 2022, CNOOC supported a share of oil and gas in the global energy mix that was greater than the IPCC's predicted role for the fuel type. Additionally, as reported by Sina in March 2021, Ding Ming, a process supervisor of CNOOC, speaking as a Deputy to the National People’s Congress, promoted natural gas as a clean energy source to substitute coal. In this statement, he also advocated to accelerate the construction of natural gas pipelines, without reference to the need for CCS or methane emissions abatement on the use of gas. In November 2021, as reported by Sohu, CNOOC stated support for further exploration domestically of shale gas and coal-bed methane.

Industry Association Governance: CNOOC lacks a dedicated disclosure of its industry association memberships on its corporate website and did not respond to CDP’s Climate Change information request in 2021. However, InfluenceMap has identified memberships to Canadian Association of Petroleum Producers (CAPP) and Oil and Gas UK, both of which have engaged negatively on climate policy and the energy mix.

Additional Note: CNOOC is headquartered in China, where InfluenceMap’s LobbyMap platform can currently only make a provisional assessment of corporate climate policy engagement, due to limited capability to access publicly available data on this issue. As it is possible that InfluenceMap is not yet able to fully capture evidence of CNOOC's climate policy engagement activities, these scores should be considered provisional at this time.

In addition, CNOOC is a listed company with more than 50% of its shares owned by the government of China. State-owned enterprises likely retain channels of direct and private engagement with government officials that InfluenceMap is unable to assess, and therefore are not represented in CNOOC's engagement intensity metric.

QUERIES
DATA SOURCES
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Strength of Relationship
STRONG
 
 
 
 
 
 
 
WEAK
 
36%
 
36%
 
52%
 
52%
 
47%
 
47%

How to Read our Relationship Score Map

In this section, we depict graphically the relationships the corporation has with trade associations, federations, advocacy groups and other third parties who may be acting on their behalf to influence climate change policy. Each of the columns above represents one relationship the corporation appears to have with such a third party. In these columns, the top, dark section represents the strength of the relationship the corporation has with the influencer. For example if a corporation's senior executive also held a key role in the trade association, we would deem this to be a strong relationship and it would be on the far left of the chart above, with the weaker ones to the right. Click on these grey shaded upper sections for details of these relationships. The middle section contains a link to the organization score details of the influencer concerned, so you can see the details of its climate change policy influence. Click on the middle sections for for details of the trade associations. The lower section contains the organization score of that influencer, the lower the more negatively it is influencing climate policy.