This tool has been discontinued. The latest Carbon Tracker research can be found direct on their website, in addition to the up-to-date individual company profiles . You can also find the outcomes from the PRI engagement here . For any queries, please contact ben.pincombe@unpri.org
NEW REPORT
This report provides an update to our 2017 and 2018 “2 Degrees of Separation” reports, along with an updated methodology.
The most common climate-related question facing investors – “how can we tell if a company is aligned with Paris”? Carbon Tracker’s framework for addressing this challenge in the oil and gas sector is based solely on the economics of potential project portfolios.
Every oil major is betting heavily against a 1.5˚C world and investing in projects that are contrary to the Paris goals
Andrew Grant, Senior Oil & Gas Analyst
In this report, we lay out our approach and apply it to a universe of the largest listed oil and gas producers. For the first time, we look at alignment in terms of short term actions – which individual projects are non-Paris compliant and shouldn’t go ahead in an economically rational Paris-aligned world, yet nonetheless either a) were sanctioned last year; or b) are targeting sanction this year.
Company Name | Country of Headquarters | % of NPS potential capex outside 1.7-1.8°C/SDS budget (% band, unsanctioned only) | % of NPS potential capex outside 1.6°C/B2DS budget (% band, unsanctioned only) | Quartile SDS Budget | Quartile B2DS Budget |
Apache |
United States |
30 - 40% |
50 - 60% |
4 |
4 |
Arc Resources |
Canada |
0 - 10% |
50 - 60% |
2 |
4 |
Concho Resources |
United States |
40 - 50% |
60 - 70% |
4 |
4 |
Ecopetrol |
Colombia |
20 - 30% |
40 - 50% |
4 |
4 |
Energen |
United States |
50 - 60% |
50 - 60% |
4 |
4 |
ExxonMobil |
United States |
20 - 30% |
40 - 50% |
4 |
4 |
Galp Energia SA |
Portugal |
10 - 20% |
40 - 50% |
3 |
4 |
Gulfport Energy |
United States |
20 - 30% |
50 - 60% |
3 |
4 |
Husky Energy |
Canada |
20 - 30% |
60 - 70% |
3 |
4 |
Imperial Oil (Public Traded Part) |
Canada |
20 - 30% |
60 - 70% |
4 |
4 |
Marathon Oil |
United States |
10 - 20% |
50 - 60% |
3 |
4 |
Petrobras |
Brazil |
20 - 30% |
40 - 50% |
4 |
4 |
QEP Resources |
United States |
10 - 20% |
50 - 60% |
2 |
4 |
Sinopec |
China |
30 - 40% |
40 - 50% |
4 |
4 |
Surgutneftegas |
Russia |
20 - 30% |
40 - 50% |
4 |
4 |
Tullow Oil |
United Kingdom |
30 - 40% |
40 - 50% |
4 |
4 |
Vermilion Energy |
Canada |
30 - 40% |
50 - 60% |
4 |
4 |
WPX Energy |
United States |
40 - 50% |
60 - 70% |
4 |
4 |
Aker BP |
Norway |
20 - 30% |
40 - 50% |
3 |
3 |
CNOOC |
China |
20 - 30% |
30 - 40% |
3 |
3 |
ConocoPhillips |
United States |
0 - 10% |
30 - 40% |
2 |
3 |
Crescent Point Energy |
Canada |
40 - 50% |
40 - 50% |
4 |
3 |
Encana |
Canada |
10 - 20% |
30 - 40% |
3 |
3 |
Equinor |
Norway |
20 - 30% |
40 - 50% |
3 |
3 |
Gazprom |
Russia |
10 - 20% |
30 - 40% |
3 |
3 |
Hess |
United States |
20 - 30% |
40 - 50% |
4 |
3 |
Lukoil |
Russia |
20 - 30% |
40 - 50% |
3 |
3 |
Murphy Oil |
United States |
20 - 30% |
30 - 40% |
4 |
3 |
Occidental Petroleum |
United Kingdom |
0 - 10% |
30 - 40% |
1 |
3 |
OMV |
Austria |
20 - 30% |
40 - 50% |
3 |
3 |
Parsley Energy |
United States |
0 - 10% |
40 - 50% |
1 |
3 |
Range Resources |
United States |
10 - 20% |
30 - 40% |
2 |
3 |
Repsol |
Spain |
20 - 30% |
30 - 40% |
4 |
3 |
Rosneft |
Russia |
20 - 30% |
40 - 50% |
3 |
3 |
Shell |
Netherlands |
20 - 30% |
30 - 40% |
3 |
3 |
Total |
France |
20 - 30% |
30 - 40% |
4 |
3 |
Anadarko |
United States |
0 - 10% |
10 - 20% |
2 |
2 |
BHP Billiton |
Australia |
0 - 10% |
20 - 30% |
1 |
2 |
BP |
United Kingdom |
10 - 20% |
20 - 30% |
2 |
2 |
Canadian Natural Resources (CNRL) |
Canada |
20 - 30% |
20 - 30% |
3 |
2 |
Cenovus Energy |
Canada |
10 - 20% |
20 - 30% |
2 |
2 |
Chesapeake |
United States |
0 - 10% |
20 - 30% |
2 |
2 |
Chevron |
United States |
10 - 20% |
30 - 40% |
3 |
2 |
Cimarex Energy |
United States |
0 - 10% |
20 - 30% |
1 |
2 |
Continental Resources |
United States |
0 - 10% |
20 - 30% |
2 |
2 |
Devon Energy |
United States |
20 - 30% |
30 - 40% |
4 |
2 |
Eni |
Italy |
10 - 20% |
30 - 40% |
3 |
2 |
EOG Resources |
United States |
0 - 10% |
20 - 30% |
1 |
2 |
Newfield Exploration |
United States |
10 - 20% |
20 - 30% |
2 |
2 |
Noble Energy |
United States |
0 - 10% |
20 - 30% |
2 |
2 |
Novatek |
Russia |
0 - 10% |
20 - 30% |
1 |
2 |
PetroChina |
China |
10 - 20% |
20 - 30% |
3 |
2 |
Santos |
Australia |
0 - 10% |
10 - 20% |
2 |
2 |
Suncor Energy |
Canada |
10 - 20% |
10 - 20% |
3 |
2 |
Antero Resources |
United States |
0 - 10% |
0 - 10% |
1 |
1 |
Cabot Oil and Gas |
United States |
0 - 10% |
0 - 10% |
1 |
1 |
Diamondback Energy |
United States |
10 - 20% |
10 - 20% |
2 |
1 |
EQT Corporation |
United States |
0 - 10% |
10 - 20% |
1 |
1 |
Inpex |
Japan |
0 - 10% |
10 - 20% |
2 |
1 |
Lundin Petroleum |
Sweden |
0 - 10% |
0 - 10% |
1 |
1 |
Oil Search |
Papua New Guinea |
0 - 10% |
0 - 10% |
1 |
1 |
Origin Energy |
Australia |
0 - 10% |
0 - 10% |
1 |
1 |
Peyto |
Canada |
0 - 10% |
10 - 20% |
1 |
1 |
Pioneer Natural Resources |
United States |
0 - 10% |
0 - 10% |
1 |
1 |
RSP Permian |
United States |
10 - 20% |
0 - 10% |
2 |
1 |
Sasol |
South Africa |
0 - 10% |
10 - 20% |
1 |
1 |
Saudi Aramco |
Saudi Arabia |
0 - 10% |
0 - 10% |
1 |
1 |
Seven Generations Energy |
Canada |
0 - 10% |
0 - 10% |
1 |
1 |
Southwestern Energy |
United States |
0 - 10% |
0 - 10% |
1 |
1 |
Tatneft |
Russia |
0 - 10% |
10 - 20% |
2 |
1 |
Tourmaline Oil |
Canada |
0 - 10% |
0 - 10% |
2 |
1 |
Woodside |
Australia |
10 - 20% |
10 - 20% |
2 |
1 |