Oil and gas companies need to start planning for production cuts of 50 percent and more by the 2030s. That is, if they want to become aligned with Paris Agreement targets, said financial think tank Carbon Tracker in a new report this week. The report said oil and gas majors were still spending billions on oil and gas production and new projects. However, these investments are inconsistent with the 1.5-degree scenario outlined in the Paris Agreement. What’s more, the report’s authors said, even Big Oil majors with net-zero commitments…
Hence then, the article about oil companies need to plan for 50 output cuts carbon tracker was published today ( ) and is available onOILPRICE ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details Finally We wish PressBee provided you with enough information of ( Oil Companies Need To Plan For 50% Output Cuts: Carbon Tracker )