National oil companies: big emissions, little transparency, virtually no accountability

Companies with state ownership are slower to transition than the Majors and Independents. This poor performance is an even bigger risk to climate ambition than that of publicly listed and private companies. Companies with state ownership account for majority of current and expected emissions in the sector. Many of the states involved have made no commitment to net-zero emissions and there is limited ability for non-government stakeholders to push for change.