Big oil companies are failing on Paris climate goals, study finds

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A new report gives failing grades to the biggest oil companies in meeting climate goals.

The analysis, by financial climate think tank Carbon Tracker, shows the expansive rift between fossil fuel companies and climate scientists.

"We should abandon the fantasy of phasing out oil and gas and instead invest in them adequately, reflecting realistic demand assumptions," said Saudi Aramco CEO Amin Nasser.Carbon Tracker assigned grades to the 25 largest listed oil and gas companies, evaluating them on the extent to which they are aligned with Paris temperature targets.

to "transition away from away from fossil fuels in energy systems" at COP28 in Dubai, which was headed by an oil company CEO, and involved extensive industry participation.The best score in this report is a 'D', given to BP.

 

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