The world's 25 largest oil and gas companies are falling well short of meeting climate goals set under the Paris climate accord, according to a new report.
underscoring the need for companies to take more urgent action to reduce their emissions and square their practices with promises to clean up the industry.
In fact, the report found that fossil fuel behemoths ConocoPhillips, Saudi Aramco, Pioneer, and ExxonMobil were ranked as the furthest from meeting those goals. The best-scoring company was BP, which received a letter grade of D-, the report found, while ConocoPhillips received the lowest-ranking score of an H.
But they have also scaled up plans for production in recent months, citing an uptick in projected global demand as the world looks to build out dependable, dispatchable emissions-free sources of power.in Houston earlier this week, Saudi Aramco CEO Amin Nasser said companies should shift their focus toward cleaner technologies rather than the transition to renewable energy resources.
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