World’s largest oil companies ‘way off track’ on emissions goals, report finds

Despite splashy climate pledges, firms including BP and Saudi Aramco have plans to expand fossil fuel production, says analysis

In recent years, virtually all of the world’s largest oil companies have made splashy climate pledges. But when it comes to actually slashing emissions, those firms are “way off track”, a new report has found.

The analysis from the thinktank Carbon Tracker assessed the production and transition plans of 25 of the world’s largest oil and gas companies. None align with the central goal of the 2015 Paris climate agreement to keep global warming “well under” 2 degrees above pre-industrial levels, the report found.