Report: $2.3tr of oil and gas industry projects 'incompatible' with 2C world

Michael Holder
clock • 4 min read

Analysis by Carbon Tracker ranks biggest oil and gas companies at most risk of investing in stranded assets as the low carbon transition gathers pace

Some of the world's largest oil and gas companies are at risk of wasting a total of $2.3tr of investment on projects that are incompatible with keeping average global temperature increases within 2C, according...

To continue reading this article...

Join BusinessGreen

In just a few clicks you can start your free BusinessGreen Lite membership for 12 months, providing you access to:

  • Three complimentary articles per month covering the latest real-time news, analysis, and opinion from Europe’s leading source of information on the Green economy and business
  • Receive important and breaking news stories via our daily news alert
  • Our weekly newsletter with the best of the week’s green business news and analysis

Join now

 

Already a BusinessGreen member?

Login

More on Carbon Accounting

How Amazon matched its global energy use with clean power - but still saw emissions rise

How Amazon matched its global energy use with clean power - but still saw emissions rise

US tech and online retail giant's 'most comprehensive' sustainability report to date details how the firm is striving to meet its net zero by 2040 pledge, while ramping up its AI capacity

Michael Holder
clock 01 July 2026 • 8 min read
How to build a credible carbon credit portfolio

How to build a credible carbon credit portfolio

BusinessGreen's latest webinar - hosted in association with Ecologi - heard from top experts on how to develop a carbon credit portfolio that can stand up to scrutiny

Michael Holder
clock 22 June 2026 • 12 min read
Navigating the carbon credit maze: How to build a portfolio that stands up to scrutiny - On demand

Navigating the carbon credit maze: How to build a portfolio that stands up to scrutiny - On demand

WATCH NOW: Experts from Ecologi, Bytes Technology Group, and Gold Standard reflect on how businesses can build credible carbon credit portfolios that stand up to scrutiny in BusinessGreen's latest webinar discussion

BusinessGreen staff
clock 18 June 2026 • 1 min read