Industry and investor sentiment around climate action is shifting rapidly; 1.5°C is fast becoming a seriously considered benchmark for Paris alignment, with major ramifications for stranded asset risk in oil and gas.

The IEA’s Net Zero Emissions by 2050 Scenario - limiting warming to 1.5°C and reaching net zero by 2050 - means rapid production declines as a result of “no new projects”. For virtually all of the world’s 40 largest listed companies, no further project sanctions would result in rapidly declining production; for most, production volumes typically would fall by at least 50% by the 2030s vs today.

Carbon Tracker’s analysis highlights that some of the largest companies globally are most exposed to asset stranding due to a high proportion of projects (operational and planned) in high-cost areas including deepwater offer and shale oil. Despite stranded asset risk to discovered assets, companies are continuing to acquire licences and explore high-cost and risky locations such as the Arctic and offshore Latin America. 

Join us for this webinar exploring Carbon Tracker’s latest company level analysis. Our analysts will be joined by an expert panel of financial and energy industry players to discuss the implications of the IEA’s Net Zero scenario, company’s Paris Alignment plans vs. reality and the impact for investors.