'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...

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Catherine Early

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