Carbon Goals: Big Oil’s Big Targets

Major oil and gas companies are increasingly pressured by activist shareholders to adopt greener practices. BP's investors have pushed for alignment with the Paris climate accord, leading to divestments from companies like Exxon. A report by the Transition Pathway Initiative highlights that only Shell and Repsol are on track to meet the Paris Agreement by 2050, albeit with minimal pledges. Most companies focus on reducing operational emissions, neglecting product emissions. BP is leading in climate-safe investments, while Exxon is lagging.

What is the main concern regarding the majority of companies in relation to their emissions?

How did Exxon perform in comparison to BP regarding their capital expenditure alignment with climate goals?