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...
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We carry out scenario analysis and research to examine and understand how potential changes to supply and...
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Recently, former European Central Bank President Mario Draghi presented his report on the “The future of European...
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Evaluating Automotive Transition Strategies Electrification of the passenger vehicle fleet is inevitable. To be relevant in a...
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By any measure, fossil fuel subsidies are immense. Combined estimates from the Organisation for Economic Cooperation and...
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Just two months ago, Europe felt like it was at a political crossroads. The European Parliamentary elections - where some...
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The new British Government must prioritise climate finance, driven by the upcoming COP29 and the need for economic growth through...
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At the close of its 2024 Spring Session the U.S. Supreme Court’s ruling in Loper Bright Enterprises v. Raimondo (Loper Bright),...
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Via the Transition Finance Markets Review (TFMR), the UK Government is the latest political entity to commission a review into...
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A clear example of how the energy transition is changing quickly due to strides in cheap and scalable electrification is in the...
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By Richard Folland of Carbon Tracker & John Willis of Planet Tracker | In Collaboration with The Global Ethical Finance...
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Oil and gas industry resistance to transition is a major investment risk for the industry and its stakeholders - as new...
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The fossil fuel industry is having a bad energy transition: It is misaligned with stakeholders, climate targets and is...
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After his recent primary wins Donald Trump is assured to be the Republican Party’s nominee for President. Polling shows he...
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Oil and gas incumbents are doubling down on investment and their financial backers are exiting governance bodies: this raises the...
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2024 is the Chinese year of the Dragon, the only mythical beast in the Chinese zodiac: and a year typically associated with fresh...
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As each year goes by, and the climate crisis becomes more urgent, the choices made by policymakers, businesses and other...
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The UK will phase-out new ICE vehicle sales by 2035, but an incoherent battery strategy puts the relevance of the UK automotive...
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Navigating Peak Demand: the oil and gas industry enters its post-imperial age Most things may never happen: this one...
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It’s the end of Week 1 of the COP. This is often the point when the negotiations seem stuck in a morass of complexities and...
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If you are reading this, you know that at a time when the world is burning, and Net Zero seems like a distant dream, oil and gas...
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Today we are launching an update to our Country Profiles for the global coal power sector. This is a platform designed to assist...
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Prime Minister Rishi Sunak has promised to “max out” North Sea reserves – but the plan fails on economic, energy security,...
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Recently, Climate Action 100+ launched its updated Net Zero Company Benchmark and related Alignment Assessments for the 170+...
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“It's now cheaper to save the world than destroy it.” Akshat Rathi, Climate Capitalism “It ought to be remembered...
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How UK net zero policy is veering off course – for investors and the wider world. At the last count, the UK’s contribution...
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In today's world, there's an expectation that all organisations, regardless of their size, sector, or capacity, should actively...
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Albert Einstein once observed: “We cannot solve our problems with the same level of thinking that created them” – and so it...
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Supreme Court Justice Louis Brandeis once called U.S. states laboratories of democracy. His point was that states can be a place...
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Oil and Gas company narratives about the future of fossil fuels remain positive, their bank accounts are full. But their...
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Carbon Tracker has long warned of the risk of investing in future stranded assets; i.e., assets that fail to generate the returns...
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To paraphrase the Charles Dickens classic, A Tale of Two Cities: in 2023 in terms of energy, we are in the best of times, and in...
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Recently, the US Supreme Court has not shied away from issuing precedent-setting decisions. Next year, that trend may continue...
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Our July research has been focussed on a major new report – Loading the DICE Against Pensions, written for Carbon Tracker by...
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William Gibson is often quoted with the line “The future is already here — it's just not very evenly distributed.” It...
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It’s been remarked on already, but let’s repeat it: this autumn could define how the international community responds to...
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Net Zero has become an energy transition delay tactic, driven by incumbents, but it is unlikely to work - as we detail in this...
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The recent Environmental Audit Committee’s (EAC) Finance and Net Zero Inquiry, gives us an opportunity to look how...
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As the Colorado Oil and Gas Conservation Commission (COGCC) evaluates operator bonding proposals, and goes through hearings on...
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With UK and European leaders continuing to ponder the long-term future of power market design, common themes continue to arise...
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Major oil and gas companies still have choices about how to minimise the risk of having stranded assets, for now. Early in...
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With oil and gas firms announcing executive pay packages, some have come under fire for the bumper payouts awarded to their top...
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In early 2022, Colorado overhauled its financial assurance rules for oil and gas companies in a rulemaking mandated by SB...
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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...
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At more than 300 pages, there is much to absorb in Chris Skidmore MP’s Net-Zero Review for the British government – and to...
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Last month, President Biden marked his second year in office. As a candidate, he often discussed the need to take on climate...
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Download Infographic Here The energy transition may well be determined by the phenomenon of S-curves. This is because the future...
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This article was first published by Brink News, with thanks to Thomas Carver. The shift away from a carbon-based economy risks...
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Blog Series: The UK’s adoption of BEVs – in 2016 UK BEV car sales (all electric) were a mere one in a 100, and derided. By...
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Carbon Tracker Research in an Energy Transition Context: October through November 2022 COP27 Special Report: African...
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The consensus about COP27 was one of disappointment. The sense of anti-climax has thrown into even sharper focus the huge...
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Commentators like to say that midterm elections are a referendum on the party in power. So, what do these results mean for...
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Despite heavy restrictions and security at the Egypt conference, a record number of Civil Society organisations and activists...
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On Monday 24th October, Mark Carney (the UN Special Envoy for Climate Action and Finance at United Nations and Co-Chair of the...
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Compared with the somewhat more benign backdrop to COP26 and Glasgow 12 months ago, the political conditions underpinning COP27...
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Starting in a fortnight will be one of the most crucial climate conferences of the year, COP27. Hosted this year in Egypt, the...
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This year has seen the fundamental dynamics of global energy markets turned completely on their head. A potent cocktail of...
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The UK’s energy security strategy is back at the forefront of political debate. As the government looks to show leadership...
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Summer 2022 has been a rollercoaster for climate advocates in America. On June 30, the US Supreme Court ruled, in West...
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But it might just save the world North American oil and gas companies are going big on carbon capture, utilisation, and...
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In June, Saudi Aramco published its first ever Sustainability Report, containing details of its "net zero by 2050” target and...
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On June 30, the U.S. Supreme Court ruled that the EPA does not have authority, under the Clean Air Act, to set up an emissions...
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*This blog is written by Dwayne Purvis for Carbon Tracker* The dynamics of unfunded plugging liabilities have changed so...
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None of the CA100+ focus companies within upstream oil & gas production or coal & gas-powered electricity generation have...
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Russia’s unprovoked invasion of Ukraine has created terrible consequences for those living inside Ukraine, but at the same time...
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As temperatures accelerate towards 1.5˚C, near-term actions that limit global warming would reduce losses and damages related to...
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Today the Supreme Court hears oral arguments in the case of West Virginia v. EPA. The case centers on the EPA’s ability to...
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With respect to asset retirement obligations in the oil patch, every regulator has to answer three questions: How do you...
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On a recent episode of Joe Rogan’s controversial and highly influential podcast, Canadian psychology professor and best-selling...
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Late last month ExxonMobil launched its Advancing Climate Solutions – 2022 Progress Report,[1] which describes how it is...
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Market-based pricing for gas saved EU consumers billions – until this winter's energy crunch came along. Europe’s exposure to...
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As a candidate President Biden spoke of the need to act on climate change and said, “it requires action, not denial…...
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To keep 1.5°C alive, immediate action on methane emissions is required from the oil and gas industry, with significant impact...
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2021 Wrapped Up Here is an infographic of the key events that took place at Carbon Tracker and in the climate space in...
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We welcome the recent announcement that South Africa has struck a deal to access concessional financing of $8.5bn over the next...
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Recently I wrote about how the Biden Administration’s efforts to fight climate change could be sailing into rough waters after...
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In January, the Colorado Oil and Gas Conservation Commission (COGCC) will vote on the new financial assurance rules for Colorado,...
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Right now, global energy commodity prices remain close to long-term highs despite recent declines. But short-term strength in...
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After months of legislative negotiations, the $1.2 trillion Infrastructure bill made it through Congress and was signed by...
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The Chinese government has been sending mixed messages on its long-term climate ambitions once again On the one hand, an...
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Repsol has seemingly upped its emissions cutting game In early October, responding to shareholder pressure, Repsol announced a...
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There is a paradox at the heart of expertise: those who have accumulated the most authority in an industry are often those least...
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Colorado’s ineffective financial assurance and well plugging rules have allowed the growth of a large portfolio of marginal and...
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The world has changed a lot since Paris; so too should the logic of climate mitigation. Mitigating climate change is no longer...
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On Monday 9th August, the Intergovernmental Panel on Climate Change (IPCC) delivered a climate report warning of ‘code red for...
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In less than 100 days COP26 will start. Many agree that this year’s conference is being held at a critical moment. To...
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The election of President Joe Biden brought a seismic shift in U.S. government policy toward climate change. In addition to...
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Ending the use of coal for power generation in South Korea by 2028 is not only possible but also the most economical option in...
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The IEA’s latest piece on minerals[1] critical to the energy transition gives a rather pessimistic spin to what was some very...
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In the run up to COP 26 many oil and gas companies have announced ‘net-zero by 2050’ targets. However, very few companies...
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Shell and Eni’s recent strategy updates have highlighted a key emerging point in the debate on oil and gas companies’...
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As the Colorado Oil and Gas Conservation Commission (COGCC) weighs competing demands of protecting the state finances and...
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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...
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“Having looked to government for bread, on the first scarcity they will turn and bite the hand that fed them.” Edmund...
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2020 was a tough year for big oil. Short-term demand was hammered by the impacts of Covid-19, while the ever-growing...
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When it comes to oilfield plugging obligations, industry voices contend that industry has the problem in hand.[1] And where it...
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Emissions trajectories continue to bend lower Last month, both Shell and Eni revised their scope 3 emissions plans, updating...
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As Colorado considers improvements to its oil and gas regulations, some will undoubtedly point to its idle well program as a...
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This weekend marks the end of the first month of the Biden Presidency. In the weeks since the inauguration we have seen a wave...
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The Colorado Oil & Gas Compact Commission (COGCC) is considering improvements to its oil and gas bonding regime. These...
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To ensure companies meet their obligations to plug oil and gas wells and reclaim drilling sites, Colorado regulations require oil...
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Carbon Tracker's New Energy Strategist Kingsmill Bond argues the election of Joe Biden on a ticket to restore America's climate...
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2021 is a year of opportunity; one of resetting, reshaping and a chance to remove distortions that hinder an orderly energy...
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Amid rising tension the final votes of the 2020 US election were cast last week. By electing Democrats Raphael Warnock and John...
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Carbon Tracker's Christmas Cracker had a makeover in 2020. This infographic originally went out in our December newsletter,...
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For the past two years, the Green New Deal (GND) has driven the conversation about how to address climate change. It has been the...
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2020 has, to put it mildly, been full of surprises. Oil and gas companies, long predictable and averse to change, have even...
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The oil and gas industry, like many other commodity industries, has long been characterised by volatility, instability and...
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Guest post by Carbon Tracker advisory board member Nick Robins - reposted with permission from the author If there is one...
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The exit of Trump removes the greatest impediment to the energy transition, and will unleash a great era of creativity and...
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Explorers use maps intensively, but they take the information recorded in the charts they use with a few grains of salt, knowing...
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A key tipping point was reached in 2019. Global demand for fossil fuels peaked and is unlikely ever to recover to its pre-crisis...
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Given the 24 hour news cycle around the US Congressional and Presidential Election, it would be easy to focus only on what...
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The Texas-based company Vistra recently announced that they will close six coal power plants and cut their coal generating...
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During her presidential campaign announcement, Senator Amy Klobuchar declared that on her first day in office she would take the...
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"Nobody move! I have a hostage. If anyone follows us, I'll kill myself and then her." Roy Miller, Knight and Day A classic...
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As part of a UK government-funded project to support the Philippines power sector stakeholders navigate the shifts, risks and...
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Passing transformative climate change legislation through the U.S. Congress will be one of the major legislative battles of this...
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One of the world’s leading energy forecasters released a report this morning arguing that 2019 was the peak of the fossil fuel...
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"Oil and gas companies are hurtling toward bankruptcy, raising fears that wells will be left leaking planet-warming pollutants,...
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BP has elaborated on its strategy to deliver net zero – cutting oil and gas production by “at least” 40% by...
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The coronavirus pandemic has caused a sharp decline in oil demand, putting intense pressure on oil companies with large...
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The Earth's temperatures continue to rise causing catastrophic climate change. The risks of climate change are having major...
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Key findings: Our research shows that UK Export Finance supports upstream oil projects that seem very likely to become...
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This blog was originally posted here on 26 May 2020. It is reprinted with permission. The world of Environmental, Social and...
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The sudden economic downturn brought on by the Coronavirus threatens to cripple the finances of U.S state governments. The...
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The COVID-19 pandemic shut economies, disrupted established global production chains and pressed an indefinite pause on the...
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At the end of February, Italian oil major Eni announced new carbon emissions reduction plans. While not aiming for net zero...
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In ancient Greek theatre, deus ex machina (“god from the machine”) is when a seemingly intractable plot issue is...
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This blog updates our 2018 note Carbon Budgets Explained. Carbon budgets – the amount of carbon dioxide emissions permitted...
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The Covid-19 crisis is showing up the oil and gas industry’s exposure to the threat of falling demand, a forewarning of what...
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The IEA on Thursday[1] released some eye-watering projections for energy demand declines in 2020 in the light of the Covid19...
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One of last year’s key developments relating to climate change risks was a handful of fossil fuel producers agreeing to show...
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Written by: Greg Rogers, Theron Horton, Rob Schuwerk Is the goal to get out all of the oil, or get out of the retirement...
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The arms race in setting carbon emissions targets is such that Shell, once one of the industry leaders when it announced its...
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At this time of crisis, the immediate issue is to solve the health and economic emergencies, and we salute the heroes of the...
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I was sitting in a hot tub in Leningrad in the summer of 1990 when I realised the Soviet Union would fall. There were five of...
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COVID-19 is crippling economies and creating turmoil in financial markets. This note gives our outlook for coal generation in...
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COVID-19 continues to shake the global economy, and energy markets are no exception. Oil in particular finds itself caught...
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The piece originally was posted to the World Economic Forum website on March 18, 2020. The impact of China's previous...
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The piece originally was posted to LGIM Future World Blog on February 26, 2020. It is reprinted with permission. By Nick...
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Amid ever-increasing concerns over climate risks, BP is the latest European oil and gas company to announce a climate goal with...
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The purpose of this note is to: Address RWE’s response to our recent report Apocoalypse Now, by acknowledging that, per...
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Coal power is losing its economic footing. As detailed in Figure 1, according to Carbon Tracker analysis, which is based on...
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Repsol has just announced a shift in strategic direction – to become a net zero emissions company by 2050. This move extends...
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Economist Ann Pettifor is one of several leading thinkers publishing books on the Green New Deal (GND) this year. However unlike...
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Once upon a time – the 1990s if you are interested -- there was a wondrous oil company called Exxon. It was run by a clever...
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Carbon Tracker's Mike Knight submitted evidence to the Treasury Select Committee inquiry into the decarbonisation of the UK...
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The Amazon is burning, Greenland is melting, the US is rolling back environmental protections, and the energy sector consensus is...
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At Carbon Tracker - our research focus is the impact of climate change on financial markets. Our global coal report, Powering...
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Last week Carbon Tracker’s power & utilities team was in Manila to attend the launch of a UK government-funded project to...
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During the inaugural London Climate Action Week - Carbon Tracker co-hosted the Climate Risk and the Capital Domino Effect event...
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Recently Carbon Tracker’s power and utilities team travelled to Vietnam to market our latest analyst note, Here Comes the Sun...
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14 June | The Vatican Mary Robinson served as president of Ireland from 1990 to 1997, and as UN High Commissioner for Human...
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The following piece originally was posted to Oilprice.com on March 3, 2019. It is reprinted with permission. Investors are...
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The UK Climate Change Committee (CCC) has reported on its recommended targets for the UK to reduce its greenhouse gas emissions...
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ConocoPhillips’ February 2019 climate report lays out a thoughtful approach to governing climate risk. It addresses...
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Why shareholders should rethink executive reward For much of the early part of this century, the oil and gas industry was in...
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To manage against the goals of the Paris Agreement, oil companies like Chevron must factor scope 3 emissions into their capital...
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BP and Glencore announce plans to link fossil fuel investments to Paris Agreement goals 2019 is shaping up to be the year in...
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By Anthony Hobley Attending Davos for the World Economic Forum (WEF) Annual Meeting is like being thrown into the centre of...
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Arriving into Katowice Poland, host city for COP24, you were immediately struck by the obvious conflict at the heart of the UN...
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In the 2014 film Merchants of Doubt a small group of well funded lobbyists cast doubts over the science linking tobacco to lung...
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Our Take on OECD Green Finance 2018 Over 2 days in Paris, 13-14 November business leaders, Government policy makers, NGOs and...
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This blog originally appeared on the IEEFA website By Tom Sanzillo, Kathy Hipple and Clark Williams-Derry Invest in the...
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By Paul Spedding BP chief executive Bob Dudley is at risk of being branded an altruist if his “Oil and Money” speech to...
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Carbon capture and storage, or CCS, refers to technologies that allow us to capture CO2 at the source of its production and...
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One of the questions we are most frequently asked by investors is – how can we tell if a company is “Paris compliant”? This...
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In the nexus of climate change and financial markets, disclosure is the flavour of the day. Carbon Tracker recently analysed...
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Guest Blog from Greg Rogers, Co-founder, Eratosthenes LLC In a classic scene from the 1976 American comedy, The Gumball Rally,...
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One year ago we posted here comes the sun – a blog which found the lowest solar bid of 2017 could be less than the cash cost of...
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Several financial institutions have recently announced they will stop funding new coal power projects, with HSBC being the...
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An SEC decision allowed EOG Resources to exclude a shareholder resolution on GHG emissions A recent SEC decision allowing EOG...
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Summary Occidental neglects demand fundamentals in its 2°C analysis and opts for the foregone conclusion of a test against...
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Chevron’s recent climate change disclosures become the first to reach down to the asset level, but remain light on useful...
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ExxonMobil's Energy and Carbon Summary is a step in the right direction, but lacks clarity across a number of...
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A PDF version of this paper is available here. An updated version of this note is available now in Carbon Budgets: Where are...
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If you read just one thing this year…… first, it’s December! What took you so long?......second, make it this. Much...
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See here for a downloadable version of this blog. “Breaking the Tragedy of the Horizon” It has been two years since the...
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What have Las Vegas casinos got in common with tackling climate change and transitioning to a low carbon economy? More than you...
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Does the oil major’s 2017 Energy Perspectives mark new thinking for the company? On June 8th, Statoil published the 2017...
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Robert Shuwerk responds to industry opposition to the TCFD recommendations. The Financial Stability Board’s task force on...
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Glencore released a report last week ahead of its Annual General Meeting aimed at assessing the long-term implications of climate...
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Cost reductions of India’s solar revolution should serve as a warning to coal investors This week solar PV prices in India...
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Former UN climate change chief Christiana Figueres brings new urgency to the global climate conversation with a campaign to...
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Unexpectedly, the oil and gas love-in that is CERAWeek saw the latest round of climate risk disclosure emerging from the oil...
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Carbon Tracker's Rob Schuwerk explains why the FSB's climate risk recommendations are an important step towards helping financial...
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The 12 Days of Carbon Tracker Well…that was different. 2016 has been quite the year of change. A year of political events that...
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Guest post by Jeremy Leggett, Non-executive chairman of Carbon Tracker The global energy transition remains in...
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WEO 2016 also warns of disjointed scenario if energy transition is delayed. Scenarios are not forecasts The scenarios produced...
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Guest post by Kingsmill Bond, new energy analyst at Trusted Sources (research & consultancy) The orthodox view is that...
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Even if oil prices rise in the aftermath of the OPEC agreement on cutting production, the oil industry should be wary of...
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Carbon Tracker’s reports and blogs are available in seven different languages: Arabic...
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A series of recent Forbes articles intend to cast doubt on the relevance of stranded asset risks to investors. Mark Fulton,...
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In 2016, the Kingdom of Saudi Arabia has a major opportunity to develop a new industry, an opportunity that became something of...
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The recent shift in China’s economy has been one of dramatic speed and scale. The first decade of the 2000s saw China’s...
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By Paul Spedding, Former Global Co-Head of Oil And Gas Research at HSBC and Advisor to Carbon Tracker. First appeared on...
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Just because one of Britain's best loved vehicles rolled off the production line for the last time last week doesn't...
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Shelagh Whitley and Mark Fulton President Obama’s rejection of the Keystone XL pipeline last November signalled a landmark...
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Stranded Assets a Response: Myth or Reality? Late last year respected British economist Dieter Helm dismissed the concept of...
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Is Royal Dutch Shell, one of the world’s biggest oil and gas companies, really turning its back on fossil fuels? Not only has...
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“First they ignore you, then they laugh at you, then they fight you, then you win.” Mahatma Gandhi I recently attended a...
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First appeared in BusinessGreen Global coal is on the ropes. Prices of thermal coal have collapsed as demand evaporates;...
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This guest post by Paul Gilding, an independent writer, corporate advisor and advocate for action on climate change and...
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First appeared in BusinessGreen Will the United Nations Climate Change Conference (COP 21) in Paris later this year be a...
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Petrobras’ recent launch of a notional $2.5 billion worth of 100-year bonds has been viewed as evidence that investors,...
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Rising greenhouse gas emissions are often talked about as a one-time, irreversible natural experiment with the climate...
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First appeared in BusinessGreen Through our pioneering “Carbon Bubble” work we used a simple idea and easy numbers to...
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First appeared in BusinessGreen As the world’s top financiers gather in Paris ahead of International Climate Finance Day on...
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First appeared in BusinessGreen Ahead of the Paris climate talks the burning question for policy makers and investors is how...
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The steep fall in the price of oil since the middle of last year has brought volatility back to the market with a vengeance,...
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Over the past 18 months the Carbon Tracker Initiative has written a number of studies on the economics of the controversial...
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Carbon Tracker Initiative's Anthony Hobley argues that far from being a disaster for clean tech, low oil prices could aid...
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Carbon Tracker comment on US-China climate change agreement “For Carbon Tracker, today’s announcement of the “joint...
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Carbon Tracker’s ultimate vision is a climate-secure energy and financial system. This does not mean fossil fuels being...
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