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RACE Eco Chain Ltd advances India s Vision for Equitable Clean Energy Transition

RACE Eco Chain Ltd advances India s Vision for Equitable Clean Energy Transition
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Analysis: Energy companies committed to oil, not to green

Analysis: Energy companies committed to oil, not to green
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Oil companies attending climate talks have minimal green energy transition plans, AP analysis finds

In 2022, Brazilian oil and gas company Petrobras had 68 places staked out for oil exploration off the South American coast, searching for new reserves while spending $6.9 billion in oil development projects. About the same time, Algeria-based Sonatrach proclaimed its ambition to ramp up production to become a top five national oil company by 2030. All these companies, along with 33 others focused on oil and gas, sent delegations to Egypt for last year's annual climate summit, known as COP27, aim

Analysis: Oil companies attending climate talks have minimal green energy transition plans

In 2022, Brazilian oil and gas company Petrobras had 68 places staked out for oil exploration off the South American coast, searching for new reserves while spending US$6.9 billion in oil-development projects. About the same time, Algeria-based.

Oil companies attending climate talks have minimal green energy transition plans, AP analysis finds

In 2022, Brazilian oil and gas company Petrobras had 68 places staked out for oil exploration off the South American coast, searching for new reserves while spending $6.9 billion in oil development projects. About the same time, Algeria-based Sonatrach proclaimed its ambition to ramp up production to become a top five national oil company by 2030. All these companies, along with 33 others focused on oil and gas, sent delegations to Egypt for last year's annual climate summit, known as COP27, aimed at moving the world away from the burning of fossil fuels like oil and gas.

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