'Woefully inadequate': Report warns global oil and gas industry set to thwart chances of a 1.5C world

Michael Holder
clock • 4 min read

World Benchmarking Alliance warns that the global oil and gas industry is on track to smash through the carbon budgets that would prevent global average temperature increases spiralling above 1.5C

The world's chances of limiting global warming to 1.5C in line with the Paris Agreement currently look set to be thwarted by oil and gas companies, with the industry on course to blast through its allotted...

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 Energy

IRENA: 'Electrification and renewables must accelerate dramatically'

IRENA: 'Electrification and renewables must accelerate dramatically'

International Renewable Energy Agency warns clean energy transition off track to meet global climate goals

James Murray
clock 13 October 2026 • 4 min read
 SmartestEnergy and Zenco partner to launch UK's first seaweed-powered biomethane plant

SmartestEnergy and Zenco partner to launch UK's first seaweed-powered biomethane plant

SmarestEnergy has signed a long-term deal to bring green gas from a new seaweed-powered plant to market and feed it into the grid

clock 13 October 2026 • 2 min read
At COP31, countries must lay their electrification plans on the table

At COP31, countries must lay their electrification plans on the table

Countries must come to COP and set out specific plans for how they will remove the barriers and make the infrastructure investments that businesses need to electrify the global economy, writes WBCSD's CEO and president Peter Bakker

Peter Bakker, WBCSD
clock 12 October 2026 • 4 min read