Carbon Tracker: Oil majors not aligned with Paris climate goals

Oil majors’ recent project investments are not in line with Paris climate goals, Carbon Tracker think-tank said in a report on Thursday.

The Paris Accord committed to tackling the climate change was signed by 195 nations in December 2015, who have pledged to try and keep the global warming “well below” 2 degrees Celsius above pre-industrial levels. In the B2DS scenario, the energy sector reaches carbon neutrality by 2060 to limit future temperature increases to 1.75°C by 2100.

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