PetroChina Company Limited — Ethics Grade F
PetroChina Company Limited receives an overall ethics grade of F (18/100) on CancelCo's corporate accountability database. Sector: Energy. Market cap: Large Cap.
Category scores
- labor: 22
- privacy: 40
- consumer: 45
- environment: 10
- humanRights: 5
Documented incidents (3)
- Forced Labor Allegations (high, 2020) — PetroChina was named in reports regarding the potential use of forced labor from minority groups in the Xinjiang region through supply chain connections. The company operates major infrastructure in regions under high scrutiny for human rights abuses.
- High-Level Executive Corruption (high, 2015) — A massive anti-corruption probe led to the downfall of several top executives and board members for bribery and abuse of power. The scandal exposed deep-rooted graft within the state-owned enterprise's procurement processes.
- Dalian Port Oil Spill (high, 2010) — Extensive pipeline explosions at Dalian port resulted in 1,500 tonnes of oil spilling into the Yellow Sea. The incident created a 180-square-kilometer oil slick, devastating local fisheries and ecosystems.
Documented good deeds
- Solar Field Expansion — Increased investment in solar and wind power generation located within exhausted oil fields to repurpose industrial land.
Ethical alternatives
- Ørsted A/S — Global leader in offshore wind with high transparency and minimal human rights controversy.