The world’s largest oil and gas companies need to slash their production by more than a third by 2040 to meet global climate targets, according to a new report.
The seven listed oil majors – including ExxonMobil, BP and Shell – would need to cut the total amount of oil and gas they produce every day by 35% to avoid driving temperatures 1.5C higher than pre-industrialised levels.
Global governments would also need to stop issuing new oil and gas licences for fossil fuel exploration, according to the report.
The study was produced by Carbon Tracker, a financial thinktank, using publicly available oil company data to measure their carbon footprints today and by 2040.
Comments RSS Feed
EBOOK TITLE: “SIR HENRI DETERDING AND THE NAZI HISTORY OF ROYAL DUTCH SHELL” – AVAILABLE ON AMAZON
EBOOK TITLE: “JOHN DONOVAN, SHELL’S NIGHTMARE: MY EPIC FEUD WITH THE UNSCRUPULOUS OIL GIANT ROYAL DUTCH SHELL” – AVAILABLE ON AMAZON.
EBOOK TITLE: “TOXIC FACTS ABOUT SHELL REMOVED FROM WIKIPEDIA: HOW SHELL BECAME THE MOST HATED BRAND IN THE WORLD” – AVAILABLE ON AMAZON.
A head-cut image of Alfred Donovan (now deceased) appears courtesy of The Wall Street Journal.
0 Comments on “The Guardian: Oil giants must cut output by a third to meet climate target – study”
Leave a Comment