CTI’s latest concludes: ”A 2°C pathway means that some companies will lose, but current scenario analyses see everyone winning.”
“Some examples of companies constructing proprietary scenarios demonstrate that the oil and gas industry cannot be relied upon to faithfully model its own decline. The emissions pathway of Shell’s Sky Scenario, which takes until the early-2030s for emissions to fall below today’s level, highlights a reluctance within the industry to stretch its thinking about how energy markets might evolve, at least in the near term.”
As ever, this report is well written, and followable by those who are not professional financial analysts. It will be interesting to see the companies respond to their ratings.
Image: from report