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We carry out scenario analysis and research to examine and understand how potential changes to supply and demand will impact the future of fossil fuel-exposed companies and projects. This analysis helps the investment community better understand the financial implications of tackling climate change
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Absolute Impact 2024: Oil and gas companies’...
Off the record: Accounting loophole leaves billions in decommissioning obligations unaccounted for
The costs to retire certain assets- asset retirement obligations (AROs)- are typically recorded on the balance sheet and can be the source...Carbon Tracker Response to the IASB Consultation
Carbon Tracker provided comments on the International Accounting Standards Board’s Exposure Draft: Climate-related and Other...Carbon Tracker Response to FCA’s Consultation Paper CP24/12
Carbon Tracker has responded to the FCA’s consultation on the new Public Trading Offers and Admissions to the Trading Regulations regime...Investor Call to Action: FCA Consultation on New Disclosure Rules
The FCA have just announced a Prospectus Review. Specifically, we draw your attention to a key section in the FCA’s consultation...Flying Blind: In a Holding Pattern
The continued absence of climate and transition risks in financial reporting Climate and energy transition risks, and company strategies...Carbon Tracker Submission to the IFRS Interpretations Committee
Carbon Tracker Initiative (Carbon Tracker) provided comments on the Tentative Agenda Decision: Climate-related Commitments (IAS 37) to the...Popular Reads
Curb Your Enthusiasm: Bridging the gap between the UK’s CCUS targets and reality
We carry out scenario analysis and research to examine and understand how potential changes to supply and...
Read MoreLoading the DICE Against Pensions
We carry out scenario analysis and research to examine and understand how potential changes to supply and...
Read MoreFrom Net Zero to New Zero – Reserves Estimates in a Decarbonizing...
Accounting, Audit, & Disclosure Report December 2023Oil and gas reserve classification systems today are focused on the value oil and gas has when burnt. Devised in the first part...
Read MoreClimate Action 100+ Net Zero Company Benchmark: Climate Accounting and Audit Assessment This document sets out the framework and...
Read MoreTalking the talk but not walking the walk – The absence of net zero...
Flash Notes Flash Note May 2023Companies around the world are setting net zero by 2050 targets. Despite that, our analysis shows that of 134 carbon-intensive...
Read MoreAs automotive companies start to release their annual reports for FY2022 we take look at how they considered climate in...
Read MoreSHELL – Will Shell’s Energy Transition Strategy Change Under Its...
Corporate Research (Oil & Gas) Report March 2023Key Findings: Shell has made a significant effort to improve the amount, depth and frequency of information in its approach...
Read MoreAuditors play a vital role in contributing to the efficiency of financial markets. Their audits provide an independent check...
Read MoreResponse to the Financial Conduct Authority’s Consultation Paper “Sustainability Disclosure Requirements (SDR) and investment...
Read MoreFinancial statements, like economic models, are only as good as the inputs to them. Inputs [1] underpin the information in...
Read MoreThe Transition Files: periodic thoughts and views on companies, industries...
Autos Journal October 2022The Transition Files In Volume 1, this journal comprises: an article on SHELL, another on Discounted Cash Flows, and one on...
Read MoreIn 2021, Carbon Tracker published its first report about the degree to which companies had disclosed taking climate risks into...
Read MoreEU Coal: The Good, The Bad & The Ugly
Corporate Research (Power & Utilities) Analyst Note September 2022We are writing this report because retiring coal is the fastest route to decarbonisation and alignment with the goals of the...
Read MoreThe International Sustainability Standards Board’s Exposure Drafts “IFRS S1 General Requirements for Disclosure of...
Read MoreFossil fuel commodity prices are likely to remain volatile with the prospect for further embargos. This is a manifestation of non...
Read MoreNone of the CA100+ focus companies within upstream oil & gas production or coal & gas-powered electricity generation have...
Read MoreInvestors are Flying Blind as over 70% of reviewed companies and 80% of auditors fail to disclose climate-related risks in the...
Read MoreLetter to the SEC on Climate Change Disclosures
Accounting, Audit, & Disclosure Analyst Note June 2021Recently, we submitted a letter in response to the Securities and Exchange Commission’s (SEC) Public Input on Climate Change...
Read MoreIn the run up to COP 26 many oil and gas companies have announced ‘net-zero by 2050’ targets. However, very few companies...
Read MoreThe value of share offerings in fossil fuel producing and related companies dropped by $123 billion in the last decade,...
Read MoreThere’s a quip about lawyers that goes 99% of attorneys give the rest a bad name. The same can be said about oil producers...
Read MoreWhen it comes to oilfield plugging obligations, industry voices contend that industry has the problem in hand.[1] And where it...
Read MoreColorado drillers pay pennies on the dollar to plug oil wells
Accounting, Audit, & Disclosure Blog February 2021The Colorado Oil & Gas Compact Commission (COGCC) is considering improvements to its oil and gas bonding regime. These...
Read MoreCarbon Tracker's Christmas Cracker had a makeover in 2020. This infographic originally went out in our December newsletter,...
Read MoreCarbon Tracker and Assurance Mark were given the opportunity to comment on the FCA’s above-referenced proposals (the...
Read MoreClick here to view Carbon Tracker's Annual Review 2019 In 2019 our objective was to accelerate the energy transition by...
Read MoreThe Impair State: The Paris Agreement starts to impact oil & gas...
Oil & Gas Analyst Note June 2020The oil industry’s financial statements reflect climate change conflict Oil and gas companies have never been under more...
Read MoreCarbon Tracker's mission is to align investors strategies to climate change action. We recognise that there is...
Read MoreThere is growing attention on the potential impacts of climate-related risks on the upstream oil and gas sector A 2019 report by...
Read MoreThe missing link – bridging the gap between emission targets and fossil...
Accounting, Audit, & Disclosure Blog February 2019To manage against the goals of the Paris Agreement, oil companies like Chevron must factor scope 3 emissions into their capital...
Read MoreClimate Change and the First Rule of Italian Driving
Accounting, Audit, & Disclosure Guest Blog July 2018Guest Blog from Greg Rogers, Co-founder, Eratosthenes LLC In a classic scene from the 1976 American comedy, The Gumball Rally,...
Read MoreThis paper provides in-depth analysis of the company disclosure of the largest oil and gas companies: BP, Chevron, Conoco...
Read MoreWell Cooked? EOG Resources drops resolution on GHG emissions
Accounting, Audit, & Disclosure Blog April 2018An SEC decision allowed EOG Resources to exclude a shareholder resolution on GHG emissions A recent SEC decision allowing EOG...
Read MoreFalling Short – An assessment of ExxonMobil’s disclosure of...
Accounting, Audit, & Disclosure Report March 2018This is the first in a series of reports on company scenario analyses, focusing on ExxonMobil This paper seeks to assist...
Read MoreTrial and Error: Occidental’s first stab at climate-related risks
Accounting, Audit, & Disclosure Blog March 2018Summary Occidental neglects demand fundamentals in its 2°C analysis and opts for the foregone conclusion of a test against...
Read MoreThis study updates our report 2 Degrees of Separation, and for the first time quantifies risk of overinvestment under a 1.75ᵒC...
Read MoreChevron takes tentative steps on asset-level climate risk
Accounting, Audit, & Disclosure Blog March 2018Chevron’s recent climate change disclosures become the first to reach down to the asset level, but remain light on useful...
Read MoreExxonMobil's Energy and Carbon Summary is a step in the right direction, but lacks clarity across a number of...
Read MoreOur analysts Matt Gray and Laurence Watson respond to PPL's recent Climate Assessment Report. Summary Following a...
Read MoreCarbon Tracker Initiative comments on the Environmental Audit Committee’s Green Finance inquiry We welcome the opportunity...
Read MoreCarbon Tracker's comments on the Sustainability Accounting Standards Board proposed changes to provisional standards. We...
Read MoreGlencore released a report last week ahead of its Annual General Meeting aimed at assessing the long-term implications of climate...
Read MoreUnexpectedly, the oil and gas love-in that is CERAWeek saw the latest round of climate risk disclosure emerging from the oil...
Read MoreIn response to an enquiry from the G20, the Financial Stability Board produced a seminal report investigating the implications of...
Read MoreIn response to the US Securities and Exchange Commission (SEC) Release No. 33-10098, "Modernization of Property Disclosures for...
Read MoreIn response to the SEC's Concept Release on Business and Financial Disclosure, Carbon Tracker submitted comments, identifying...
Read MoreIn the US, carbon-intensive sectors have made risk factor disclosures related to climate change for years but very little of it...
Read MoreU.S. and European oil and gas companies are under increasing pressure from shareholders to stress test their businesses against a...
Read MoreIn April 2016, the Financial Stability Board’s Task Force on Climate-Related Financial Disclosures published a report on Phase...
Read MoreIn 2013, the European Commission adopted proposals for a Directive amending the Accounting Directive in relation to the reporting...
Read MoreIn February 2016, we were invited to contribute to the Australian Senate Economics References Committee’s inquiry into carbon...
Read MoreThis paper examines Chevron’s current disclosures in the context of Carbon Tracker’s April 2015 Blueprint, where we...
Read MoreUK Environmental Audit Committee inquiry: Sustainability and HM Treasury The cross-departmental Environmental Audit Committee...
Read MoreHot on the heels of a historic climate deal in Paris the Carbon Tracker Initiative and the Climate Disclosure Standards Board,...
Read MoreIn 2011, Carbon Tracker asked whether the world’s capital markets were carrying a “carbon bubble”. Further analysis...
Read MoreIn late 2015, the U.K.’s economic and finance ministry sought public responses to a consultation concentrated on simplifying...
Read MoreIn a letter to the U.S. Securities and Exchange Commission as part of its ongoing review of disclosure, the Carbon Tracker...
Read MoreRecognising Risk, Perpetuating Uncertainty. A baseline survey of climate...
Accounting, Audit, & Disclosure Report October 2014In partnership with Ceres, CDP and CDSB, Carbon Tracker has assessed the responses from over 80 fossil fuel companies to a...
Read MoreCarbon content is a key financial element of fossil fuel reserves. In December 2013, Carbon Tracker submitted a letter to the...
Read MoreThis new research from Carbon Tracker and the Association of Chartered Certified Accountants reveals that current financial...
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