Full Title: Absolute Impact: Why Oil and Gas Companies Need Credible Plans to Meet Climate Targets
Author(s): Maeve O’Connor, Mike Coffin
Publisher(s): Carbon Tracker Initiative
Publication Date: May 12, 2022
Full Text: Download Resource
Description (excerpt):
For the third year running Carbon Tracker’s Absolute Impact report assesses and ranks climate policies, expanding its analysis to cover the 15 largest publicly traded oil and gas companies. It warns that net zero targets are not enough for companies to be aligned with Paris – they need absolute limits on future emissions and significant interim targets.
A key element of this year’s analysis is a greater focus on the credibility of companies’ approaches to emissions reductions and the degree to which their efforts contribute to a genuine fall in global emissions levels.
Since the first publication of this report in 2020, there are now many more “net zero” goals. However, not all company targets, or ambitions, are created equal in the degree to which they reduce the impact of company activities on global temperature rise.