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Carbon Tracker: Oil Majors Lacking “Credible” Transition Strategies

New report released amid climate votes at AGMs, finds overreliance on unproven technology and divestment risk.

Oil and gas firms’ energy transition plans are gambling on the unproven capabilities of technologies like carbon capture and hydrogen power, according to a report by climate and financial markets think tank Carbon Tracker. The Absolute Impact 2022 report analyses the credibility of 15 major oil and gas companies’ plans…

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