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World’s largest oil companies ‘way off track’ on emissions goals, report finds (www.theguardian.com)

submitted 2 years ago by MicroWave@lemmy.world to c/news@lemmy.world

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Despite splashy climate pledges, firms including BP and Saudi Aramco have plans to expand fossil fuel production, says analysis

In recent years, virtually all of the world’s largest oil companies have made splashy climate pledges. But when it comes to actually slashing emissions, those firms are “way off track”, a new report has found.

The analysis from the thinktank Carbon Tracker assessed the production and transition plans of 25 of the world’s largest oil and gas companies. None align with the central goal of the 2015 Paris climate agreement to keep global warming “well under” 2 degrees above pre-industrial levels, the report found.

“Companies worldwide are publicly stating they are supportive of the goals of the Paris-Agreement, and claim to be part of the solution in accelerating the energy transition,” said Maeve O’Connor, analyst at Carbon Tracker and co-author of the report. “Unfortunately, however, we see that none are currently aligned with the goals of the Paris agreement.”

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[-] redfox@infosec.pub 10 points 2 years ago

People know that these companies make money by doing the opposite of environmental needs right?

The only way th se companies support the goals is to either drastically change their business model, or stop existing...

this post was submitted on 24 Mar 2024

189 points (99.5% liked)

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