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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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ExxonMobil – The Existential Crisis



ExxonMobil’s Transition Plan


The Sky’s the Limit: Solar and wind energy...


SHELL – Will Shell’s Energy Transition...


Crude Intentions: How oil and gas executives are still rewarded to chase fossil growth, despite the urgent need to transition
The energy transition is fundamentally shifting the way oil and gas companies operate; as demand falls for fossil fuels, traditional...

Feet to the Fire: An analysis of potential outcomes of the Colorado 700-Series Rulemaking
Colorado’s new financial assurance rules will help mitigate orphan well risk, but the benefits are blunted by substantial flaws. The...

Event Horizon: A Case Study of Holdback and the Point of No Return for Decommissioning Upstream Oil and Gas “Assets”
When oil companies defer saving for asset retirement obligations (AROs), the liabilities accumulate. Meanwhile production, and...

Absolute Impact: Why Oil and Gas Companies Need Credible Plans to Meet Climate Targets
Oil and gas companies are still failing to commit to the absolute emissions reductions necessary to link their businesses to the finite...

Managing Peak Oil: Why rising oil prices could create a stranded asset trap as the energy transition accelerates
Firms can avoid wasting $500bn with managed approach to transition in Inevitable Policy Response scenario even if oil demand rises...

They only fill when they drill
Financial assurance requirements are universally considered to be too low to pay for plugging and abandoning wells. An inventory of...Popular Reads
ExxonMobil – The Existential Crisis
We carry out scenario analysis and research to examine and understand how potential changes to supply and...
Read MoreExxonMobil’s Transition Plan
We carry out scenario analysis and research to examine and understand how potential changes to supply and...
Read MoreOil and gas companies are increasingly announcing new climate goals as they seek to maintain a social licence to...
Read MoreGroundhog Pay: How executive incentives trap companies in a loop of fossil...
Oil Analyst Note December 2020The energy transition will require oil and gas companies to fundamentally change the way they do business. Groundhog Pay...
Read MoreBetween 2014 and the end of 2019, ExxonMobil 's return to shareholders was negative 10%. In September 2014, Carbon Tracker...
Read MoreCarbon Tracker's modelling shows no new oil sands are needed in a low carbon world. Prospective pipelines and projects represent...
Read MoreThere is growing recognition that drastic changes to oil and gas consumption are required to meet the finite limits of a global...
Read MoreThe oil industry’s financial statements reflect climate change conflict Oil and gas companies have never been under more...
Read MoreFanning the Flames: How executives continue to be rewarded to produce more...
Oil Analyst Note March 2020Company executives pay practice doesn’t yet live up to climate ambition, with the gap between stated ambition and demonstrable...
Read MoreThe Flip Side: Stranded Assets and Stranded Liabilities
Climate risk disclosure Analyst Note February 2020Carbon Tracker’s fundamental insight is that the oil and gas industry’s growth plans do not fit in a low carbon world. As...
Read MoreHandbrake Turn: The cost of failing to anticipate an Inevitable Policy...
Oil Analyst Note January 2020In this report, we look at the Inevitable Policy Response (IPR), which models the potential impacts of delayed tough...
Read MoreWhy carbon intensity ambitions are welcome, but strict limits on future project sanction remain the route to Paris...
Read MoreEV Oil Demand Displacement Interactive Tool This report and accompanying interactive tool look exclusively at...
Read MoreHeadlines Growth of electric vehicles (EVs) in scenarios developed by some oil majors is ten years behind the level expected...
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