Devon Energy

InfluenceMap Score
D-
Performance Band
47%
Organisation Score
27%
Relationship Score
Sector:
Energy
Head​quarters:
Oklahoma City, United States
Official Web Site:
Wikipedia:

Climate Lobbying Overview: Devon Energy appears to have broadly negative engagement on climate change. Devon has had limited engagement with specific climate policies, but appears supportive of US GHG emissions legislation. However, the company has consistently promoted a continued role for oil and fossil gas in the future energy mix.

Top-line Messaging on Climate Policy: Devon's top-line positions on climate change and climate policy appear mixed. Devon’s 2020 ESG Report, published in October 2020, acknowledged the global warming potential of methane and carbon dioxide. However, the company does not appear to explicitly support emissions reductions in line with the IPCC recommendations or the Paris Agreement. While the company has stated that it prefers’ a “balanced approach on priority public policy issues” on climate change, in its 2021 Climate Change Assessment Report, there is no clear position on the need for government regulation to respond to climate change. In 2021, Devon’s corporate website also stated that the company engages “proactively to find sensible public policy solutions”, without referencing its position on government regulation of climate change.

Engagement with Climate-related Regulations: Devon appears to have mixed engagement with specific climate policies in recent years, although they remain limited. Devon appears to be engaged on GHG emissions legislations in the US, and its positions on them has improved since 2017. The company’s 2021 Climate Change Assessment Report stated support for reinstating the federal regulation of methane emissions in the US. A tweet from April 2021 supported the methane regulation provisions in the Congressional Review Act with exceptions, calling it an “extraordinary legislative tool” to be “used judiciously and with caution”. Further, Devon’s 2021 CDP Climate Change Response stated support for the regulation of methane emissions at the federal level in the US in a way that “encourages innovation and operational flexibility”. Devon appears to have limited engagement with other policy streams.

Positioning on Energy Transition: Devon appears to be unsupportive of the transition to a clean energy mix. In its 2020 Climate Change Assessment Report, Devon Energy stated support for a continued role for oil and gas, even in a low-carbon world. A message from the company’s board published in 2021 asserted its view that fossil fuels will be “a vital part of the global energy mix for decades to come.”

The company’s ‘2020 Political Activity and Lobbying Report’ published in 2021, outlined Devon’s public policy goals. This consists of support for free and open markets for oil and fossil gas, “competitive state and federal tax rates”, and “safe, science based and non duplicative” regulations for the oil and gas industry. The document also stated the company’s advocacy for “recognizing state’s rights to regulate oil and gas operations while opposing a federal “one size fits all approach”." Further, in the 2021 CDP Response, Devon revealed that it is actively engaged in promoting fossil gas, and supported measures to encourage electricity generation from fossil gas.

Industry Association Governance: Devon has limited transparency on its indirect lobbying activities via industry associations. The company’s ‘2020 Political Activity and Lobbying Report, disclosed memberships to 11 industry associations. However, in its 2021 CDP Response, the company has disclosed memberships to only two industry associations. In both these sources, the disclosure lacks details of the company’s engagement with the associations and the specific pieces of legislations and their outcomes it seeks to influence through them. Devon has not published a review of its alignment with its industry associations on climate policy.

Devon remains a member of the American Petroleum Institute (API), the US Chamber of Commerce, and the National Association of Manufacturers (NAM) – all of which traditionally undertake negative lobbying on climate policy in the US.

QUERIES
DATA SOURCES
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Strength of Relationship
STRONG
 
 
 
 
 
 
 
WEAK
 
29%
 
29%
 
28%
 
28%
 
24%
 
24%

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.