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

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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.

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