Report Deems Fossil Fuel Net Zero Plans Insignificant.

1 min read
Source: Reuters
Report Deems Fossil Fuel Net Zero Plans Insignificant.
Photo: Reuters
TL;DR Summary

The number of fossil fuel companies committing to net-zero emissions has increased, but most of their targets fail to address key concerns, making them "largely meaningless," according to a report by Net Zero Tracker. Most targets do not fully cover or lack transparency on Scope 3 emissions, which include the use of a company's products, the biggest source of emissions for fossil fuel companies, or don't include short-term reduction plans. The report also found that none of the fossil fuel companies were making the needed commitments to move away from fossil fuel extraction or production.

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