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Eni

Updated analysis reveals oil industry climate plans are grossly insufficient to achieve Paris Climate Goals

May 24, 2022By OCI TeamFeatured, Press Releases

The report finds the oil and gas majors are involved in over 200 expansion projects on track for approval from 2022 through 2025. If they go forward, these companies’ investments could create an additional 8.6 billion tonnes (Gt) of carbon pollution – equivalent to the lifetime emissions of 77 new coal power plants.

Big Oil Reality Check — Updated Assessment of Oil and Gas Company Climate Plans

May 24, 2022By OCI TeamFeatured, Reports 9 Comments

Despite an array of new ‘net zero’ pledges released in the past two years, the climate promises of major U.S. and European oil and gas companies still fail to meet the bare minimum for alignment with the Paris Agreement, according to a new study.

Spoiler alert: Big oil companies are still failing on climate

September 23, 2020By Kelly TroutBlog Post, Energy Transitions & Futures, News

Being a “leader” among laggards doesn’t cut it when we’re in a climate emergency – a crisis that the oil and gas industry has done the most to cause.

Discussion Paper: Big Oil Reality Check — Assessing Oil And Gas Climate Plans

September 23, 2020By OCI TeamBriefings, Energy Transitions & Futures, Featured 14 Comments

Our new discussion paper analyzes the current climate commitments of eight of the largest integrated oil and fossil gas companies, and reveals that none come close to aligning their actions with the urgent 1.5°C global warming limit as outlined by the Paris Agreement.

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