'Net zero is not enough': Oil and gas climate plans continue to jeopardise planet and investors, Carbon Tracker warns

Cecilia Keating
clock • 5 min read

Wave of strengthened net zero goals unveiled by fossil firms of late are too limited in scope and rely too heavily on offsets and carbon capture and storage, analysis published by think tank warns

The world's largest oil and gas companies are betting on society's failure to tackle climate change as they pursue reckless business plans that will see them invest heavily in assets and activities that...

To continue reading this article...

Join BusinessGreen

  • Enjoy exclusive news, insights and analysis from Europe’s leading source of information on the green economy and business.
  • Make smart, responsible business decisions with an eye on the latest regulatory and tech development
  • Tap into our extensive archive of exclusive articles, news, analysis and guide
  • Access to our new BusinessGreen intelligence service, providing you with
  • > Exclusive in-depth case studies
  • > Policy briefings, white papers and reports on market trends that are shaping the direction of the net zero transition
  • Our overnight briefing, expertly curated help you run a competitive and sustainable business
  • Online and interactive meetings with BusinessGreen’s editors to discuss the crucial stories and trends from the past month

Choose the membership package that's right for you and your organisation, via our 3 membership levels.

Join now

 

Already a BusinessGreen member?

Login

More on Investment

Aston University aims to graduate to net zero status by 2028 following £35m funding boost

Aston University aims to graduate to net zero status by 2028 following £35m funding boost

Investment plans include Green Energy Centre that is expected to reduce Scope 1 and 2 emissions by 90 per cent against a 2005 baseline

clock 28 March 2025 • 2 min read
OECD: 'Climate action does not hinder economic growth, it provides economic gains'

OECD: 'Climate action does not hinder economic growth, it provides economic gains'

OECD becomes latest high profile body to conclude bolder climate ambition 'is not only achievable, it also makes economic sense - even in the near-term'

Michael Holder
clock 27 March 2025 • 7 min read
JPMorgan asset management unit and Deloitte become latest firms to quit green finance groups

JPMorgan asset management unit and Deloitte become latest firms to quit green finance groups

Net Zero Asset Managers initiative and Net Zero Financial Service Providers Alliance become latest groups to be hit by 'ESG backlash'

Stuart Stone
clock 25 March 2025 • 4 min read