News Formal

Fossil fuel company net zero plans 'largely meaningless,' report says

  • 📰 Reuters
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 97%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

The number of fossil fuel companies setting net-zero emissions targets has risen sharply over the past year, but most fail to address key concerns, making them 'largely meaningless', a report showed on Monday.

Smoke rises from chimneys at a factory in the port of Dunkirk, France January 19, 2023. REUTERS/Yves Herman/File PhotoMost do not cover or are not transparent on Scope 3 emissions

That's up from just 51 a year ago, according to the assessment of publicly available data by Net Zero Tracker, run in part by the Britain-based Energy and Climate Intelligence Unit and the University of Oxford. That made them "largely meaningless", it said. The report also found that none of the fossil fuel companies were making the needed commitments to move away from fossil fuel extraction or production.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Updated US Hydrogen Strategy Is Better, But Still Mostly Good For The Fossil Fuel Industry - CleanTechnicaIf the DOE updates it every six months, and there's as much movement each time, then by 2025 or 2026 it could be a good strategy.
Source: cleantechnica - 🏆 565. / 51 Read more »