“There is no single oil major with a good plan to decrease emissions this decade”

Follow This founder Mark van Baal at Bloomberg’s Sustainable Business Summit: “We need big oil with their brains, their billions, their global reach to speed up the energy transition, or else there is no chance we will ever meet it.”

“The [Climate Action 100+] report makes it crystal clear that there is no single oil major with a good plan to decrease emissions this decade. They all have these great promises for 2050, long beyond their tenure. So, there is a lot of talk about 2050, but no concrete plans to decrease emissions in this decade. They all want to grow. […] If they continue to grow emissions, then net-zero by 2050 is an empty promise.”

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