'Paris Maligned': Carbon Tracker warns fossil fuel industry ignoring Paris Agreement with $58bn investment blitz

James Murray
clock • 4 min read
'Paris Maligned': Carbon Tracker warns fossil fuel industry ignoring Paris Agreement with $58bn investment blitz

Influential think tank warns that post-pandemic oil and gas companies have invested billions in projects that would push warming beyond 2.5C

Despite their pledges to deliver on net zero emissions targets, many of the world's largest oil and gas companies are continuing to invest in projects that are not compatible with the goals of the Paris...

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 Risk

Study: Shake-up required to bring financial system 'within planetary boundaries'

Study: Shake-up required to bring financial system 'within planetary boundaries'

'Polycrisis' of economic, social and environmental challenges demands more active effort to reshape sustainable finance, CISL report claims

Stuart Stone
clock 19 May 2025 • 5 min read
'Lessons in chemistry': Chemicals industry accused of 'significantly underestimating' climate related risks

'Lessons in chemistry': Chemicals industry accused of 'significantly underestimating' climate related risks

New Planet Tracker study warns chemical companies are under-pricing carbon costs and undermining decarbonisation efforts

clock 08 May 2025 • 4 min read
CCC's Climate Adaptation Progress Report: Five key takeaways

CCC's Climate Adaptation Progress Report: Five key takeaways

The CCC has revealed the litany of government and corporate failures that are leaving the UK badly exposed to worsening climate impacts - but will anyone respond to the wake-up call?

Michael Holder
clock 01 May 2025 • 13 min read