oil & gas majors – Thinking Port

Oil & Gas Majors Must Cut Output 35% By 2040 To Reach Paris Targets

November 4, 2019 admin bp, carbon tracker, chevron, conocophillips, eni, exxonmobil, Fossil Fuels, natural gas, Oil, oil & gas majors, oil and gas majors, Paris, Paris Agreement, shell, total

Credit to Author: Joshua S Hill| Date: Mon, 04 Nov 2019 16:27:28 +0000

A new report from independent financial think tank Carbon Tracker has concluded that the world’s seven leading oil and gas majors must cut production by an average of 35% by 2040 if global emissions are to be reined in and kept “well below” 2°C, in accordance with the Paris Agreement’s commitment.