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

CDP: More than 100 global cities awarded top marks for climate action

CDP: More than 100 global cities awarded top marks for climate action

Non-profit disclosure platform's annual 'A List' for cities, states and regions indicates climate action is increasingly engrained in urban areas

clock 29 May 2025 • 2 min read
'Unprecedented climate benchmark': Belizean rum toasts carbon negative footprint

'Unprecedented climate benchmark': Belizean rum toasts carbon negative footprint

Independently verified study reveals each bottle of Copalli Rum removes 5.5 kilograms of CO2 equivalent from the atmosphere

clock 28 May 2025 • 2 min read
Study: UK could be 'global capital' for carbon credit industry

Study: UK could be 'global capital' for carbon credit industry

New research by BeZero Carbon suggests UK carbon markets could generate £1bn of tax revenue for the exchequer by 2035

clock 14 May 2025 • 3 min read