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The original was posted on /r/worldnews by /u/Pancho507 on 2024-03-24 00:00:04.
World’s largest oil companies ‘way off track’ on emissions goals, report finds | Climate crisis
Submitted 2 years ago by bot@lemmit.online [bot] to worldnews@lemmit.online
https://www.theguardian.com/us-news/2024/mar/22/oil-companies-emissions-goals-report
autotldr@lemmings.world [bot] 2 years ago
This is the best summary I could come up with:
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.
The authors examined the firms’ exploration and production plans, investments, carbon emission reduction targets and executive bonus policies, placing the results on a Paris alignment scorecard.
Every firm assessed besides the gas company Chesapeake Energy has plans to expand fossil-fuel production in the near term, the analysis found.
The report launch also coincided with the annual Cera Week in Houston, where oil and gas executives have been deriding fossil fuel phaseout efforts and timelines.
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