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
We carry out scenario analysis and research to examine and understand how potential changes to supply and...
Read More
We carry out scenario analysis and research to examine and understand how potential changes to supply and...
Read More
There must have been a time in the 1920s some 20 years after the introduction of the Model T Ford in the United States, and with...
Read More
Download Infographic Here The energy transition may well be determined by the phenomenon of S-curves. This is because the future...
Read More
This article was first published by Brink News, with thanks to Thomas Carver. The shift away from a carbon-based economy risks...
Read More
Financial statements, like economic models, are only as good as the inputs to them. Inputs [1] underpin the information in...
Read More
1.5°C-alignment requires production declines, but most oil & gas companies are planning to expand Oil and gas companies...
Read More
The energy transition threatens companies involved in the downstream refining sector whose revenue is dependent on the continued...
Read More
The energy transition is fundamentally shifting the way oil and gas companies operate; as demand falls for fossil fuels,...
Read More
The Transition Files In Volume 1, this journal comprises: an article on SHELL, another on Discounted Cash Flows, and one on...
Read More
Colorado’s new financial assurance rules will help mitigate orphan well risk, but the benefits are blunted by substantial...
Read More
The UK’s energy security strategy is back at the forefront of political debate. As the government looks to show leadership...
Read More
When oil companies defer saving for asset retirement obligations (AROs), the liabilities accumulate. Meanwhile production, and...
Read More
But it might just save the world North American oil and gas companies are going big on carbon capture, utilisation, and...
Read More
In June, Saudi Aramco published its first ever Sustainability Report, containing details of its "net zero by 2050” target and...
Read More
Over $1 trillion of oil & gas assets risk becoming stranded as a result of policy action on climate and the rise in...
Read More
Fossil fuel commodity prices are likely to remain volatile with the prospect for further embargos. This is a manifestation of non...
Read More
The Gulf of Mexico has long been a major oil and gas producing region for the U.S., but field depletion in shallower regions near...
Read More
Oil and gas companies are still failing to commit to the absolute emissions reductions necessary to link their businesses to the...
Read More
With respect to asset retirement obligations in the oil patch, every regulator has to answer three questions: How do you...
Read More
Late last month ExxonMobil launched its Advancing Climate Solutions – 2022 Progress Report,[1] which describes how it is...
Read More
Firms can avoid wasting $500bn with managed approach to transition in Inevitable Policy Response scenario even if oil demand...
Read More
Carbon Tracker recently announced that it was creating a Global Registry of Fossil Fuels, the “Registry,” which will be a...
Read More
To keep 1.5°C alive, immediate action on methane emissions is required from the oil and gas industry, with significant impact...
Read More
In January, the Colorado Oil and Gas Conservation Commission (COGCC) will vote on the new financial assurance rules for Colorado,...
Read More
Mergers and acquisition (M&A) activity is shaking up the Australian oil and gas sector. In two proposed all-share deals,...
Read More
When a well is drilled, a legal obligation to plug the well and reclaim the surface is created This is a critical aspect of...
Read More
Repsol has seemingly upped its emissions cutting game In early October, responding to shareholder pressure, Repsol announced a...
Read More
Summary As the Colorado Oil and Gas Conservation Commission’s (COGCC) seeks to fulfill its statutory mandate to “require...
Read More
Compared to other large oil and gas producing states, California and Ohio rank last in forcing the closure of idled, abandoned...
Read More
Colorado’s ineffective financial assurance and well plugging rules have allowed the growth of a large portfolio of marginal and...
Read More
Committing to net zero is not enough – the emissions reduction pathway is critical Carbon Tracker’s fifth annual...
Read More
Financial assurance requirements are universally considered to be too low to pay for plugging and abandoning wells. An inventory...
Read More
Oil and gas companies are increasingly announcing new climate goals as they seek to maintain a social licence to...
Read More
Shell and Eni’s recent strategy updates have highlighted a key emerging point in the debate on oil and gas companies’...
Read More
There’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 More
“Having looked to government for bread, on the first scarcity they will turn and bite the hand that fed them.” Edmund...
Read More
2020 was a tough year for big oil. Short-term demand was hammered by the impacts of Covid-19, while the ever-growing...
Read More
Emissions trajectories continue to bend lower Last month, both Shell and Eni revised their scope 3 emissions plans, updating...
Read More
Fossil fuel-reliant countries could see a drop of 51% in government oil and gas revenues in a shift to a low-carbon world over...
Read More
Carbon Tracker's Christmas Cracker had a makeover in 2020. This infographic originally went out in our December newsletter,...
Read More
The energy transition will require oil and gas companies to fundamentally change the way they do business. Groundhog Pay...
Read More
2020 has, to put it mildly, been full of surprises. Oil and gas companies, long predictable and averse to change, have even...
Read More
The oil and gas industry, like many other commodity industries, has long been characterised by volatility, instability and...
Read More
Between 2014 and the end of 2019, ExxonMobil 's return to shareholders was negative 10%. In September 2014, Carbon Tracker...
Read More
Given the 24 hour news cycle around the US Congressional and Presidential Election, it would be easy to focus only on what...
Read More
In a series of reports since 2011, Carbon Tracker has shown the financial and stranded asset risks to fossil fuel producers...
Read More
There are 2.6 million unplugged onshore wells in the U.S., with another estimated 1.2 million that are undocumented. In It’s...
Read More
BP has elaborated on its strategy to deliver net zero – cutting oil and gas production by “at least” 40% by...
Read More
Click here to view Carbon Tracker's Annual Review 2019 In 2019 our objective was to accelerate the energy transition by...
Read More
Carbon Tracker's modelling shows no new oil sands are needed in a low carbon world. Prospective pipelines and projects represent...
Read More
There is growing recognition that drastic changes to oil and gas consumption are required to meet the finite limits of a global...
Read More
The Earth's temperatures continue to rise causing catastrophic climate change. The risks of climate change are having major...
Read More
Carbon Tracker pioneered work on the oil and gas industry’s “stranded assets”; as investors increasingly ask whether oil...
Read More
The oil industry’s financial statements reflect climate change conflict Oil and gas companies have never been under more...
Read More
Key findings: Our research shows that UK Export Finance supports upstream oil projects that seem very likely to become...
Read More
At the end of February, Italian oil major Eni announced new carbon emissions reduction plans. While not aiming for net zero...
Read More
In ancient Greek theatre, deus ex machina (“god from the machine”) is when a seemingly intractable plot issue is...
Read More
This blog updates our 2018 note Carbon Budgets Explained. Carbon budgets – the amount of carbon dioxide emissions permitted...
Read More
The Covid-19 crisis is showing up the oil and gas industry’s exposure to the threat of falling demand, a forewarning of what...
Read More
One of last year’s key developments relating to climate change risks was a handful of fossil fuel producers agreeing to show...
Read More
Written by: Greg Rogers, Theron Horton, Rob Schuwerk Is the goal to get out all of the oil, or get out of the retirement...
Read More
The arms race in setting carbon emissions targets is such that Shell, once one of the industry leaders when it announced its...
Read More
COVID-19 continues to shake the global economy, and energy markets are no exception. Oil in particular finds itself caught...
Read More
Company executives pay practice doesn’t yet live up to climate ambition, with the gap between stated ambition and demonstrable...
Read More
The piece originally was posted to LGIM Future World Blog on February 26, 2020. It is reprinted with permission. By Nick...
Read More
Carbon Tracker’s fundamental insight is that the oil and gas industry’s growth plans do not fit in a low carbon world. As...
Read More
Amid ever-increasing concerns over climate risks, BP is the latest European oil and gas company to announce a climate goal with...
Read More
In this report, we look at the Inevitable Policy Response (IPR), which models the potential impacts of delayed tough...
Read More
Repsol has just announced a shift in strategic direction – to become a net zero emissions company by 2050. This move extends...
Read More
To deflate the carbon bubble and protect investors, oil & gas companies must shrink The world’s listed oil and gas majors...
Read More
Carbon Tracker's mission is to align investors strategies to climate change action. We recognise that there is...
Read More
Once upon a time – the 1990s if you are interested -- there was a wondrous oil company called Exxon. It was run by a clever...
Read More
This report provides an update to our 2017 and 2018 "2 Degrees of Separation" reports, along with an updated methodology. The...
Read More
The following piece originally was posted to Oilprice.com on March 3, 2019. It is reprinted with permission. Investors are...
Read More
The UK Climate Change Committee (CCC) has reported on its recommended targets for the UK to reduce its greenhouse gas emissions...
Read More
Why shareholders should rethink executive reward For much of the early part of this century, the oil and gas industry was in...
Read More
In this study we review the remuneration practice used in the oil and gas industry and look at alignment with either growth or...
Read More
Why carbon intensity ambitions are welcome, but strict limits on future project sanction remain the route to Paris...
Read More
This blog originally appeared on the IEEFA website By Tom Sanzillo, Kathy Hipple and Clark Williams-Derry Invest in the...
Read More
By Paul Spedding BP chief executive Bob Dudley is at risk of being branded an altruist if his “Oil and Money” speech to...
Read More
Carbon capture and storage, or CCS, refers to technologies that allow us to capture CO2 at the source of its production and...
Read More
One of the questions we are most frequently asked by investors is – how can we tell if a company is “Paris compliant”? This...
Read More
This report updates our 2 Degrees of Separation report, published in June 2017 2 Degrees of Separation laid out a framework...
Read More
EV Oil Demand Displacement Interactive Tool This report and accompanying interactive tool look exclusively at...
Read More
Summary Occidental neglects demand fundamentals in its 2°C analysis and opts for the foregone conclusion of a test against...
Read More
This study updates our report 2 Degrees of Separation, and for the first time quantifies risk of overinvestment under a 1.75ᵒC...
Read More
ExxonMobil's Energy and Carbon Summary is a step in the right direction, but lacks clarity across a number of...
Read More
A PDF version of this paper is available here. An updated version of this note is available now in Carbon Budgets: Where are...
Read More
If you read just one thing this year…… first, it’s December! What took you so long?......second, make it this. Much...
Read More
Headlines Growth of electric vehicles (EVs) in scenarios developed by some oil majors is ten years behind the level expected...
Read More
What does a 2°C scenario mean for future refining capacity? In this paper, we look at how a scenario for oil demand that is...
Read More
Explore the report webpage: 2degreeseparation.com This report, produced by Carbon Tracker, Principles for Responsible...
Read More
Unexpectedly, the oil and gas love-in that is CERAWeek saw the latest round of climate risk disclosure emerging from the oil...
Read More
The 12 Days of Carbon Tracker Well…that was different. 2016 has been quite the year of change. A year of political events that...
Read More
Even if oil prices rise in the aftermath of the OPEC agreement on cutting production, the oil industry should be wary of...
Read More
Why a 2°C business model is less risky than 'business-as-usual' for oil companies. The business model for many companies in the...
Read More
Carbon Tracker’s reports and blogs are available in seven different languages: Arabic...
Read More
U.S. and European oil and gas companies are under increasing pressure from shareholders to stress test their businesses against a...
Read More
Oil majors could be worth up to $140 billion more by aligning production with climate targets
Read More
A series of recent Forbes articles intend to cast doubt on the relevance of stranded asset risks to investors. Mark Fulton,...
Read More
In 2016, the Kingdom of Saudi Arabia has a major opportunity to develop a new industry, an opportunity that became something of...
Read More
By Paul Spedding, Former Global Co-Head of Oil And Gas Research at HSBC and Advisor to Carbon Tracker. First appeared on...
Read More
Just because one of Britain's best loved vehicles rolled off the production line for the last time last week doesn't...
Read More
Stranded Assets a Response: Myth or Reality? Late last year respected British economist Dieter Helm dismissed the concept of...
Read More
The data is clear – the energy transition is underway, and the direction of travel is away from fossil fuels. But not everyone...
Read More
Is Royal Dutch Shell, one of the world’s biggest oil and gas companies, really turning its back on fossil fuels? Not only has...
Read More
Petrobras’ recent launch of a notional $2.5 billion worth of 100-year bonds has been viewed as evidence that investors,...
Read More
First appeared in BusinessGreen As the world’s top financiers gather in Paris ahead of International Climate Finance Day on...
Read More
The steep fall in the price of oil since the middle of last year has brought volatility back to the market with a vengeance,...
Read More
The 2015 Oil Spending Review is in Full Swing With oil prices collapsing to between $50/$60 a barrel (at the...
Read More
Over the past 18 months the Carbon Tracker Initiative has written a number of studies on the economics of the controversial...
Read More
During 2014, following in the footsteps of Shell and ExxonMobil, oil and gas industry association IPIECA published a “fact...
Read More
Carbon Tracker Initiative's Anthony Hobley argues that far from being a disaster for clean tech, low oil prices could aid...
Read More
Carbon Tracker comment on US-China climate change agreement “For Carbon Tracker, today’s announcement of the “joint...
Read More
Shell underestimates risk for up to $77 bln of high cost oil projects The Carbon Tracker Initiative (CTI) and Energy...
Read More
This report is a risk analysis which provides a tool for the majority of investors who cannot simply divest, so they can...
Read More
Exxon: Is business as normal the right strategy? Earlier this month, ExxonMobil published a document entitled, “Energy and...
Read More
Carbon Tracker respond to the US Department of State's Final Supplemental Environmental Impact Statement (FSEIS) with our new...
Read More
The fourth in the series of Carbon Tracker's Unburnable Carbon reports, focuses on Brazil - a country with the fascinating...
Read More
This new research from Carbon Tracker and the Grantham Research Institute on Climate Change and the Environment at LSE calls...
Read More
Carbon Tracker and Standard & Poors have been working together on the implications of carbon constraints for credit ratings...
Read More
This is the original report which pioneered the concept of the 'Carbon Bubble'. This award-winning analysis by Carbon...
Read MoreDon’t have an account? Create an Account
Already have an account? Login
If you’ve forgotten your password, simply enter your email address below and we’ll send you a link to reset it.
