The eight largest U.S. and Europe-based oil and gas producing companies are failing to align their plans with the Paris agreement goal of limiting global heating to 1.5°C above preindustrial levels and avoiding ever more catastrophic climate impacts. Oil Change International's Big Oil Reality Check report, released Tuesday, concludes that the plans of BP, Chevron, ConocoPhillips, Eni, Equinor, ExxonMobil, Shell, and TotalEnergies would actually put the world on track for more than 2.
This practice is out of line with the GHG Protocol on corporate emissions accounting and may violate the United Nations Guiding Principles on Business and Human Rights. Four of the companies assessed in the report—BP, Shell, Exxon, and Chevron—were also the subject of a recent U.S.
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