'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

Iran War: Green groups call for fresh fuel-saving measures

Iran War: Green groups call for fresh fuel-saving measures

Coalition of environmental groups argue ban on private jets and reduction in motorway speed limits could help tackle growing risk of fuel shortages

James Murray
clock 15 May 2026 • 3 min read
Study: Only two of 400 global financial firms fully committed to fossil fuel phase out

Study: Only two of 400 global financial firms fully committed to fossil fuel phase out

World Benchmarking Alliance Study finds just two banks have set robust targets to phase out fossil fuels from their balance sheets and portfolios, despite huge risks attached to oil and gas investments

Michael Holder
clock 14 May 2026 • 4 min read
Iran War: IEA warns global oil inventories depleting at 'record pace'

Iran War: IEA warns global oil inventories depleting at 'record pace'

Agency warns continuing blockade of Strait of Hormuz means 'further price volatility appears likely ahead of the peak summer demand period'

James Murray
clock 14 May 2026 • 3 min read