Oil & Gas industry emissions reduction pledges under scrutiny
Under increasing pressure, big firms are making sweeping climate pledges. How do they stack up?
Report after report tells us that, to have a chance of keeping average warming to no more than 1.5°C, oil and gas will have to be kept in the ground. The companies producing hydrocarbons are setting net zero targets for 2050, yet none are deemed to be on track to meet their commitments. The World Benchmarking Alliance (WBA) says these companies will burn through the sector’s 1.5°C carbon budget by 2037.