Oil giants told to cut production by third to meet Paris goals
Oil and gas majors will need to cut their combined production by 35% if they are to align with the Paris Agreement's goals by 2040, a study by Carbon Tracker has uncovered.In a report published today, the NGO said that there is “very little headroom“ for new fossil fuel projects because there are already enough planned to nearly meet demand in a 1.6ÀöC world. It also f
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UK chancellor Rishi Sunak has today confirmed a temporary windfall tax on the profits of oil and gas firms to help with the cost-of-living crisis.
Limiting global warming to 2°C above pre-industrial levels is now possible if all nations honour the climate pledges made at the Glasgow COP26 conference last year, a new study has found.