Passage Summary-The passage is about companies failing in achieving their environmental goals for various reasons. Some industries such as the tech industry have fared relatively better in cutting emissions that other industries such as the oil and apparel industries that involve scope 3 emissions.
Option A is stated by the author. ‘Household names like Costco and Netflix have not provided emissions reduction targets despite saying they want to reduce their impact on climate change.’
Option B is stated by the author. ‘The task gets even harder when companies begin the process of reducing so-called Scope 3 emissions — pollution caused by suppliers and customers.’
Option C is mentioned by the author to be a valid environmental act. ‘Where they can’t find cleaner substitutes, businesses often pay others to reduce emissions or remove carbon from the atmosphere.’
Option D is stated by the author. ‘Technology companies like Google and Microsoft, which run power-hungry data centers, have slashed emissions, but even they are finding that the technology often doesn’t yet exist to carry out their “moonshot” objectives.’
Option E distorts the author’s assertions. ‘To realise the necessary emission reductions, more ambitious targets urgently need to be set. Otherwise, we project emissions for S&P 500 companies will end up being triple of what they should be in 2050.’ However, since most companies have committed to substantial emission cuts by 2050, the target being tripled in 2050 need not mean that emissions are on the rise but rather that the declines in emissions have been slow and gradual.
Hence, the correct Answer is option E.