The oil and gas industry's promised efforts to reduce emissions have hit a major roadblock, according to a new report released on Thursday. In fact, in some cases, these pledges have even gone backwards, highlighting the urgent need for immediate action to reduce carbon emissions. The report warns that many countries and companies are falling behind on their commitments to tackle the ongoing climate crisis and that the oil and gas sector must step up their efforts to avoid catastrophic consequences for the planet.
1. The oil and gas industry's promised efforts to reduce emissions are facing obstacles and, in some cases, have regressed.
2. Immediate action is necessary to address carbon emissions and prevent catastrophic consequences.
3. Many countries and companies are falling behind on their commitments to tackle the climate crisis.
4. The oil and gas sector's contribution to climate change remains significant and requires stronger and more effective measures.
5. There is a concerning lack of progress in curbing greenhouse gas emissions within the industry, despite increasing global awareness of the urgency to act.
Global greenhouse gas emissions from the oil and gas industry reached a record high of 36.4 gigatons in 2019, a 2.6% increase from the previous year.
countries' climate commitments are far from being met. The report highlights a concerning lack of progress in curbing greenhouse gas emissions within the oil and gas industry, despite growing global awareness of the need for urgent action. It further emphasizes the urgent need for stronger and more effective measures to address the sector's significant contribution to climate change.