Research
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
Popular Reports
Foot off the Gas: Why the UK should invest in clean...
Gas
25 February 2021
Beyond Petrostates: The burning need to cut oil...
Oil
11 February 2021
It’s Closing Time: The Huge Bill to Abandon...
Oil
18 June 2020
Billion Dollar Orphans: Why millions of oil and gas...
Oil
01 October 2020
Climate risk disclosure
Blog
23 February 2021
Treat the cause, not the symptom
As Colorado considers improvements to its oil and gas regulations, some will undoubtedly point to its idle well program as a beacon of...
Climate risk disclosure
Blog
18 February 2021
Biden Hits the Ground Running on Climate Change
This weekend marks the end of the first month of the Biden Presidency. In the weeks since the inauguration we have seen a wave of action...
Climate risk disclosure
Blog
08 February 2021
Colorado drillers pay pennies on the dollar to plug oil wells
The Colorado Oil & Gas Compact Commission (COGCC) is considering improvements to its oil and gas bonding regime. These surety bonds...
Climate risk disclosure
Blog
29 January 2021
The Moral Hazard of Blanket Bonds
To ensure companies meet their obligations to plug oil and gas wells and reclaim drilling sites, Colorado regulations require oil and gas...
Energy transition
Blog
21 January 2021
Kingsmill Bond on BBC News talking Joe Biden’s Presidency & the implications for climate action
Carbon Tracker's New Energy Strategist Kingsmill Bond argues the election of Joe Biden on a ticket to restore America's climate leadership...
Gas
Blog
21 January 2021
COP26: A chance to reset and eliminate obstacles – coal in sights
2021 is a year of opportunity; one of resetting, reshaping and a chance to remove distortions that hinder an orderly energy transition. The...Popular Reads
Foot off the Gas: Why the UK should invest in clean energy
We carry out scenario analysis and research to examine and understand how potential changes to supply and...
Read More
Beyond Petrostates: The burning need to cut oil dependence in the energy transition
We carry out scenario analysis and research to examine and understand how potential changes to supply and...
Read More
Amid rising tension the final votes of the 2020 US election were cast last week. By electing Democrats Raphael Warnock and John...
Read More
Carbon Tracker's Christmas Cracker had a makeover in 2020. This infographic originally went out in our December newsletter,...
Read More
For the past two years, the Green New Deal (GND) has driven the conversation about how to address climate change. It has been the...
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
Guest post by Carbon Tracker advisory board member Nick Robins - reposted with permission from the author If there is one...
Read More
The exit of Trump removes the greatest impediment to the energy transition, and will unleash a great era of creativity and...
Read More
Explorers use maps intensively, but they take the information recorded in the charts they use with a few grains of salt, knowing...
Read More
A key tipping point was reached in 2019. Global demand for fossil fuels peaked and is unlikely ever to recover to its pre-crisis...
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
The Texas-based company Vistra recently announced that they will close six coal power plants and cut their coal generating...
Read More
During her presidential campaign announcement, Senator Amy Klobuchar declared that on her first day in office she would take the...
Read More
"Nobody move! I have a hostage. If anyone follows us, I'll kill myself and then her." Roy Miller, Knight and Day A classic...
Read More
As part of a UK government-funded project to support the Philippines power sector stakeholders navigate the shifts, risks and...
Read More
Passing transformative climate change legislation through the U.S. Congress will be one of the major legislative battles of this...
Read More
One of the world’s leading energy forecasters released a report this morning arguing that 2019 was the peak of the fossil fuel...
Read More
"Oil and gas companies are hurtling toward bankruptcy, raising fears that wells will be left leaking planet-warming pollutants,...
Read More
BP has elaborated on its strategy to deliver net zero – cutting oil and gas production by “at least” 40% by...
Read More
Last Call – States’ final chance to avoid the clean-up tab for big...
Climate risk disclosure Blog July 2020The coronavirus pandemic has caused a sharp decline in oil demand, putting intense pressure on oil companies with large...
Read More
With 46 GW of renewable energy capacity, Enel is the largest private operator of renewable energy globally. [i] [ii] Enel also...
Read More
The Earth's temperatures continue to rise causing catastrophic climate change. The risks of climate change are having major...
Read More
Key findings: Our research shows that UK Export Finance supports upstream oil projects that seem very likely to become...
Read More
This blog was originally posted here on 26 May 2020. It is reprinted with permission. The world of Environmental, Social and...
Read More
The sudden economic downturn brought on by the Coronavirus threatens to cripple the finances of U.S state governments. The...
Read More
The COVID-19 pandemic shut economies, disrupted established global production chains and pressed an indefinite pause on the...
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
The IEA on Thursday[1] released some eye-watering projections for energy demand declines in 2020 in the light of the Covid19...
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
At this time of crisis, the immediate issue is to solve the health and economic emergencies, and we salute the heroes of the...
Read More
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...
Read More
COVID-19 is crippling economies and creating turmoil in financial markets. This note gives our outlook for coal generation in...
Read More
COVID-19 continues to shake the global economy, and energy markets are no exception. Oil in particular finds itself caught...
Read More
The piece originally was posted to the World Economic Forum website on March 18, 2020. The impact of China's previous...
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
Amid ever-increasing concerns over climate risks, BP is the latest European oil and gas company to announce a climate goal with...
Read More
The purpose of this note is to: Address RWE’s response to our recent report Apocoalypse Now, by acknowledging that, per...
Read More
Coal power is losing its economic footing. As detailed in Figure 1, according to Carbon Tracker analysis, which is based on...
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
Economist Ann Pettifor is one of several leading thinkers publishing books on the Green New Deal (GND) this year. However unlike...
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
Submission to Treasury Committee on Green Finance & Decarbonisation...
Climate risk disclosure Blog September 2019Carbon Tracker's Mike Knight submitted evidence to the Treasury Select Committee inquiry into the decarbonisation of the UK...
Read More
The Amazon is burning, Greenland is melting, the US is rolling back environmental protections, and the energy sector consensus is...
Read More
At Carbon Tracker - our research focus is the impact of climate change on financial markets. Our global coal report, Powering...
Read More
Last week Carbon Tracker’s power & utilities team was in Manila to attend the launch of a UK government-funded project to...
Read More
During the inaugural London Climate Action Week - Carbon Tracker co-hosted the Climate Risk and the Capital Domino Effect event...
Read More
Recently Carbon Tracker’s power and utilities team travelled to Vietnam to market our latest analyst note, Here Comes the Sun...
Read More
14 June | The Vatican Mary Robinson served as president of Ireland from 1990 to 1997, and as UN High Commissioner for Human...
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
ConocoPhillips: Concerned on Capex, Cagey on the Dwindling Carbon Budget
Climate risk disclosure Blog March 2019ConocoPhillips’ February 2019 climate report lays out a thoughtful approach to governing climate risk. It addresses...
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
The missing link – bridging the gap between emission targets and fossil...
Climate risk 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 More
BP and Glencore announce plans to link fossil fuel investments to Paris Agreement goals 2019 is shaping up to be the year in...
Read More
By Anthony Hobley Attending Davos for the World Economic Forum (WEF) Annual Meeting is like being thrown into the centre of...
Read More
Arriving into Katowice Poland, host city for COP24, you were immediately struck by the obvious conflict at the heart of the UN...
Read More
Myths of the Energy Transition – Don’t Let Stranded Economic Thinking...
Energy transition Blog December 2018In the 2014 film Merchants of Doubt a small group of well funded lobbyists cast doubts over the science linking tobacco to lung...
Read More
Adding a Green Economy to a Brown Economy Does Not Equal Success.
Energy transition Blog November 2018Our Take on OECD Green Finance 2018 Over 2 days in Paris, 13-14 November business leaders, Government policy makers, NGOs and...
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
In the nexus of climate change and financial markets, disclosure is the flavour of the day. Carbon Tracker recently analysed...
Read More
Guest Blog from Greg Rogers, Co-founder, Eratosthenes LLC In a classic scene from the 1976 American comedy, The Gumball Rally,...
Read More
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...
Read More
Several financial institutions have recently announced they will stop funding new coal power projects, with HSBC being the...
Read More
Well Cooked? EOG Resources drops resolution on GHG emissions
Climate risk disclosure Blog April 2018An SEC decision allowed EOG Resources to exclude a shareholder resolution on GHG emissions A recent SEC decision allowing EOG...
Read More
Summary Occidental neglects demand fundamentals in its 2°C analysis and opts for the foregone conclusion of a test against...
Read More
Chevron’s recent climate change disclosures become the first to reach down to the asset level, but remain light on useful...
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
A Time Machine for Climate Risk: bringing the future forward with 2˚C...
Climate risk disclosure Blog November 2017See here for a downloadable version of this blog. “Breaking the Tragedy of the Horizon” It has been two years since the...
Read More
State of the transition: The roulette wheels of Las Vegas land on green
Energy transition Blog September 2017What have Las Vegas casinos got in common with tackling climate change and transitioning to a low carbon economy? More than you...
Read More
Does the oil major’s 2017 Energy Perspectives mark new thinking for the company? On June 8th, Statoil published the 2017...
Read More
Industry opposes enhanced climate risk disclosure, concerned it will move...
Climate risk disclosure Blog May 2017Robert Shuwerk responds to industry opposition to the TCFD recommendations. The Financial Stability Board’s task force on...
Read More
Glencore released a report last week ahead of its Annual General Meeting aimed at assessing the long-term implications of climate...
Read More
Cost reductions of India’s solar revolution should serve as a warning to coal investors This week solar PV prices in India...
Read More
Former UN climate change chief Christiana Figueres brings new urgency to the global climate conversation with a campaign to...
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
Financial Stability Board talks of climate change in a language investors...
Climate risk disclosure Blog January 2017Carbon Tracker's Rob Schuwerk explains why the FSB's climate risk recommendations are an important step towards helping financial...
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
State of The Transition, November 2016: Steps forward continue to...
Energy transition Blog December 2016Guest post by Jeremy Leggett, Non-executive chairman of Carbon Tracker The global energy transition remains in...
Read More
Latest IEA Outlook outlines an accelerated low-carbon transition
Energy transition Blog November 2016WEO 2016 also warns of disjointed scenario if energy transition is delayed. Scenarios are not forecasts The scenarios produced...
Read More
Guest post by Kingsmill Bond, new energy analyst at Trusted Sources (research & consultancy) The orthodox view is 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
Carbon Tracker’s reports and blogs are available in seven different languages: Arabic...
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
The recent shift in China’s economy has been one of dramatic speed and scale. The first decade of the 2000s saw China’s...
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
Shelagh Whitley and Mark Fulton President Obama’s rejection of the Keystone XL pipeline last November signalled a landmark...
Read More
Stranded Assets a Response: Myth or Reality? Late last year respected British economist Dieter Helm dismissed the concept of...
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
“First they ignore you, then they laugh at you, then they fight you, then you win.” Mahatma Gandhi I recently attended a...
Read More
First appeared in BusinessGreen Global coal is on the ropes. Prices of thermal coal have collapsed as demand evaporates;...
Read More
This guest post by Paul Gilding, an independent writer, corporate advisor and advocate for action on climate change and...
Read More
First appeared in BusinessGreen Will the United Nations Climate Change Conference (COP 21) in Paris later this year be a...
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
Rising greenhouse gas emissions are often talked about as a one-time, irreversible natural experiment with the climate...
Read More
First appeared in BusinessGreen Through our pioneering “Carbon Bubble” work we used a simple idea and easy numbers to...
Read More
First appeared in BusinessGreen As the world’s top financiers gather in Paris ahead of International Climate Finance Day on...
Read More
First appeared in BusinessGreen Ahead of the Paris climate talks the burning question for policy makers and investors is how...
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
Over the past 18 months the Carbon Tracker Initiative has written a number of studies on the economics of the controversial...
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
Carbon Tracker’s ultimate vision is a climate-secure energy and financial system. This does not mean fossil fuels being...
Read More