A temperature check on the oil and gas sector’s climate alignment, 10 years on from the Paris Agreement.

Carbon Tracker’s analysis underscores doubts that the sector is able or willing to set itself on a pathway to align with the Paris Agreement goals.

This report assesses 30 of the largest Upstream oil and gas producers against six key metrics to evaluate their alignment with the Paris Agreement.

Investors with climate mandates will need to question continued positions in these companies, while policymakers should consider what further policies are necessary to accelerate the energy transition.

Mainstream investors, meanwhile, will find our metrics useful as proxies for transition risk exposure.

In this third instalment of our Paris Agreement alignment analysis, Carbon Tracker scores companies on six key metrics to provide a holistic grade:

1. Investment options
2. Recent project sanctions
3. Production plans
4. Greenhouse gas emissions targets
5. Methane emissions targets
6. Executive remuneration