Carbon Tracker | Fanning the Flames: How executives continue to be rewarded to produce more oil and gas at odds with the energy transition

Company pay practice doesn’t yet live up to climate ambition, with the gap between stated ambition and demonstrable action widening.The energy transition is a challenge to the traditional business model of the oil and gas industry, and companies are increasingly exposed to transition-related financial risks.Over the past few years a number of new corporate ambitions have been announced relating to carbon emissions reductions, however, there have been only minor, incremental changes in terms of remuneration policy.