Staying within 1.5°C means companies must keep oil and gas in the ground

Production from already approved oil and gas fields of the 100 companies will burn through and breach the 1.5°C carbon budget of the sector by 2037. Despite this calamitous trajectory, the most influential companies in the sector are purposefully going in the opposite direction, pursuing a ‘take what you can, while you can’ approach. Companies must transition away from oil and gas, not just to keep our planet safe but to ensure their own survival in a low-carbon economy.