Americas > Thanks to carbon offsetting, oil majors’ net zero pathways won’t stray far from fossil fuels -researchers

Thanks to carbon offsetting, oil majors’ net zero pathways won’t stray far from fossil fuels -researchers

Published 00:54 on June 29, 2023  /  Last updated at 02:26 on June 29, 2023  /  Americas, Asia Pacific, EMEA, International, Nature-based, US, Voluntary

The global clean energy transition is supported by ambitious pledges from oil majors to achieve net zero emissions by 2050, but a new study suggests these corporate commitments may not result in a significant shift away from fossil fuels thanks to a heavy reliance on carbon offsetting.
The global clean energy transition is supported by ambitious pledges from oil majors to achieve net zero emissions by 2050, but a new study suggests these corporate commitments may not result in a significant shift away from fossil fuels thanks to a heavy reliance on carbon offsetting.


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