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‘NOCs’ Knock Investors off Net Zero Track

Chris Hall

The NOC is planning to increase oil production capacity from 12 million barrels per day to 13 million by 2027. Of those assessed, only Eni has targets that are “potentially” Paris-aligned, the Carbon Tracker report said, but it questioned the credibility of the company’s plans, due to its “reliance on asset sales”, CCS and carbon offsets.