<
https://www.theguardian.com/us-news/2024/mar/22/oil-companies-emissions-goals-report>
"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.”
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.
They assigned each company a letter grade from A to H, wherein an A is
“potentially aligned” with the Paris agreement goals and H is the “furthest
from being aligned”, with activities and strategy consistent with cataclysmic
warming of 2.4C above pre-industrial levels.
By the authors’ metrics, each company received a failing grade. There are “are
clear differences between companies”, however, O’Connor noted.
The highest ranked company, BP, received a D grade. Saudi Aramco, Brazil’s
Petrobras, and ExxonMobil received G grades, and at the bottom was
ConocoPhillips, the only firm to receive an H."
Cheers,
*** Xanni ***
--
mailto:xanni@xanadu.net Andrew Pam
http://xanadu.com.au/ Chief Scientist, Xanadu
https://glasswings.com.au/ Partner, Glass Wings
https://sericyb.com.au/ Manager, Serious Cybernetics
