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Home > Reports and Documents > Balancing the budget: why deflating the carbon bubble requires oil & gas companies to shrink > Balancing the budget: why deflating the carbon bubble requires oil & gas companies to shrink

sheeja's picture

Balancing the budget: why deflating the carbon bubble requires oil & gas companies to shrink [1]

Submitted by sheeja on Tue, 2019-11-05 14:19

To deflate the carbon bubble and protect investors, oil & gas companies must shrink. The world’s listed oil and gas majors must cut combined production by more than a third by 2040 to keep emissions within international climate targets and protect shareholder value. The current requirements under the Paris Agreement are that nations limit warming to “well below” 2ºC and “pursue efforts” for 1.5ºC. For a 50% chance of success, carbon budgets for 1.5ºC and 1.75ºC, irrespective of the trajectory taken, equate to 13 and 24 years at current CO2 emissions levels.
[2]

thesaurus: 
Carbon Dioxide [3]
Carbon Market [4]
Oil India [5]
Natural Gas [6]
Fossil Fuels [7]
Main Topic: 
Climate Change [8]
Publisher : 
Carbon Tracker [9]
Mark Content Private(Internal): 
Email Alert: 
58
Publication Date: 
01/11/2019
Document Type: 
Reports [10]
ipsita's picture

Centre for Science and Environment

Submitted by ipsita on Sat, 2010-06-19 08:13
External URL: 
http://cseindia.org/
ipsita's picture

National Knowledge Commission Government of India

Submitted by ipsita on Sat, 2010-06-19 04:48
External URL: 
http://knowledgecommission.gov.in/

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Source URL: http://re.indiaenvironmentportal.org.in/reports-documents/balancing-budget-why-deflating-carbon-bubble-requires-oil-gas-companies-shrink

Links:
[1] http://re.indiaenvironmentportal.org.in/reports-documents/balancing-budget-why-deflating-carbon-bubble-requires-oil-gas-companies-shrink
[2] http://www.indiaenvironmentportal.org.in/files/file/CTI_Balancing-the-Budget.pdf
[3] http://re.indiaenvironmentportal.org.in/category/thesaurus/carbon-dioxide
[4] http://re.indiaenvironmentportal.org.in/category/thesaurus/carbon-market
[5] http://re.indiaenvironmentportal.org.in/category/thesaurus/oil-india
[6] http://re.indiaenvironmentportal.org.in/category/thesaurus/natural-gas
[7] http://re.indiaenvironmentportal.org.in/category/thesaurus/fossil-fuels
[8] http://re.indiaenvironmentportal.org.in/category/thesaurus/climate-change
[9] http://re.indiaenvironmentportal.org.in/category/publisher/carbon-tracker
[10] http://re.indiaenvironmentportal.org.in/content-types/report