The world’s largest oil and gas companies are falling well short of meeting climate goals set under the Paris climate accord, according to a new report underscoring the need for companies to take more urgent action to reduce their emissions and square their practices with promises to clean up the industry.
The analysis, published this week by the climate think tank Carbon Tracker, found that none of the 25 biggest oil and gas companies are currently considered to be “Paris compliant,” that is; in alignment with the 1.5 degree Celsius warming limit set under the Paris climate accord.
In fact, the report found that fossil fuel behemoths ConocoPhillips, Saudi Aramco, Pioneer, and ExxonMobil were ranked as the furthest from meeting those goals.
The report graded companies using a five-metric rubric; measuring current and future operations, investment
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