CNOOC Limited — Ethics Grade F

CNOOC Limited receives an overall ethics grade of F (12/100) on CancelCo's corporate accountability database. Sector: Energy. Market cap: Large Cap.

Category scores

• labor: 25
• privacy: 40
• consumer: 30
• environment: 15
• humanRights: 5

Documented incidents (3)

• US Export Blacklist (high, 2021) — The US Department of Commerce added CNOOC to the Entity List for its role in helping the Chinese government intimidate neighbors in the South China Sea through offshore drilling and coercion.
• Bohai Bay Oil Spill (high, 2011) — A massive oil spill occurred at the Penglai 19-3 oilfield, a joint venture with ConocoPhillips. CNOOC was criticized for delayed transparency and failing to contain leaks that polluted 6,200 square kilometers.
• Myanmar Military Ties (high, 2022) — Rights groups documented how CNOOC's natural gas projects provided significant revenue to the Myanmar military junta following the 2021 coup, allegedly funding state violence.

Documented good deeds

• Offshore Wind Projects — CNOOC launched its first deep-sea floating wind power platform to provide green electricity for offshore oil fields.

Ethical alternatives

• Ørsted A/S — Global leader in offshore wind with a strong commitment to phase out fossil fuels.