Carbon Performance of European Integrated Oil and Gas Companies: Briefing paper

This briefing assesses the recent climate change announcements from six European oil & gas majors. This briefing paper provides provisional Carbon Performance assessments for the six European integrated oil and gas companies covered by TPI following the disclosure of new targets by BP, Eni, Repsol, Shell and Total in the last six months. It highlights both the significant progress made by this sub-sector and the wide variation in ambition levels. It also confirms that deeper decarbonisation is needed if the sector is to claim alignment with a 2°C, Below 2°C or even 1.5°C climate scenario. Finally, it also provides an update on some of the initiatives TPI is working on in the oil and gas sector to further improve its Carbon Performance methodology.