'Betting against 1.5C': Oil majors spend big on fossil fuel projects

clock • 2 min read

Oil and gas companies have approved $50bn of major projects since 2018, undermining climate targets and risking shareholder returns, think tank finds

Every oil major is investing in projects that will undermine global climate change targets, according to analysis released today by Carbon Tracker. Fossil fuel demand will have to fall to meet international...

To continue reading this article...

Join BusinessGreen

  • Enjoy exclusive news, insights and analysis from Europe’s leading source of information on the green economy and business.
  • Make smart, responsible business decisions with an eye on the latest regulatory and tech development
  • Tap into our extensive archive of exclusive articles, news, analysis and guide
  • Access to our new BusinessGreen intelligence service, providing you with
  • > Exclusive in-depth case studies
  • > Policy briefings, white papers and reports on market trends that are shaping the direction of the net zero transition
  • Our overnight briefing, expertly curated help you run a competitive and sustainable business
  • Online and interactive meetings with BusinessGreen’s editors to discuss the crucial stories and trends from the past month

Choose from 3 paid membership levels or start a 7-day no strings trial.

Join nowTry 7 day trial

 

Already a BusinessGreen member?

Login

More on Energy

'Relatively minimal': UK clean power auction forecast to add £4.60 to typical bill in 2030

'Relatively minimal': UK clean power auction forecast to add £4.60 to typical bill in 2030

Cornwall Insight assesses likely cost to billpayers of record-breaking 9.6GW of clean power projects awarded Contracts for Difference this week

Michael Holder
clock 06 September 2024 • 6 min read
The climate angle on the Oasis ticketing fiasco

The climate angle on the Oasis ticketing fiasco

As the climate crisis proves, free market is as much of an oxymoron as definitely, maybe

James Murray
clock 05 September 2024 • 6 min read
What the UK can learn from Germany on net zero

What the UK can learn from Germany on net zero

Closer cooperation with Europe on renewable energy can advance progress towards net zero goals and benefit British business, writes Naked Energy's Christophe Williams

Christophe Williams, Naked Energy
clock 05 September 2024 • 4 min read