Tag: Carbon Tracker

Private equity firms invested in the North Sea could see cash flow from oil and gas fall by more than 60% below expectations if global warming is held to 1.7°C, finds a report from the financial think tank Carbon Tracker published recently. It says many oil and gas companies are only taking into account existing climate pledges in their investments, assuming a slow energy transition consistent with a 2.4°C pathway. However, clean technologies, supported by government climate policies, are eroding global demand for oil and gas and the International Energy…

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Pension funds are risking the retirement savings of millions of people by relying on economic research that ignores critical scientific evidence about the financial risks embedded within a warming climate, warns a report released today by Professor Steve Keen and the financial think tank Carbon Tracker. Financial institutions, central banks, regulators and governments underestimate the dangers and economic damages of climate change, relying on research from a small, self-referential group of climate economists that ignores the impact of climate “tipping points”, it says. The author, economist Prof. Steve Keen, a…

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Oil and gas companies are putting investors at risk because their plans to reduce emissions rely on technologies that are expensive and unproven at scale, finds a report from the financial think tank Carbon Tracker released recently. All but two of the 15 largest publicly traded oil and gas companies have updated their climate targets since May 2021, but the report warns that most are failing to commit to absolute cuts in emissions and it questions the credibility of company plans which seek to make room for new production. Eni…

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