US oil majors will decarbonise
Biden administration will start to have greater impact on company strategies as its carbon plans become substantive legislation
The Biden administration’s decarbonisation plans have to date have had little or no impact on corporate strategies of major US oil companies, Mike Coffin, a senior analyst with London-based not-for-profit Carbon Tracker, and Alastair Syme, a managing director at Us bank Citi, tell Transition Economist. “As of now, Biden’s plan is simply a work in progress and has had minimal impact,” says Syme, while Coffin says: “Too early to tell, I’m afraid.” This lack of impact contributed to the four largest US oil companies—ExxonMobil, Chevron, ConocoPhillips and Occidental—again lagging behind their six European peers in the decarbonisation rankings in Carbon Tracker’s Absolute Impact 2021 report, rel

Also in this section
24 April 2025
Liverpool Bay project on track for 2028 startup as Italian energy company reaches financial close with government for CO₂ transport and storage network
21 April 2025
Agreement on a two-tier emissions trading scheme does not go far enough to meet IMO GHG reduction targets, say observers
11 April 2025
As the global economy grows, demand for materials is expected to increase. The way materials are made could incorporate new technologies in the future to ensure economic growth is more sustainable
9 April 2025
AI is powering the Middle East & North Africa’s digital transformation, but can the region meet soaring energy demand sustainably? Small modular reactors may hold the key