Big Oil’s climate planning not good enough, investors say

The current low-carbon transition plans of 10 of Europe's and North America's biggest listed oil and gas companies are not good enough to assess the risks involved, the world's leading investor climate action group said on Wednesday. Climate Action 100+ said the companies including Exxon Mobil, Shell and Chevron were assessed using its sector-specific Net Zero Standard for Oil & Gas framework by the independent Transition Pathway Initiative (TPI) Centre. The other companies included in the analysis were TotalEnergies, ConocoPhillips, BP, Occidental Petroleum, Eni, Repsol and Suncor Energy.