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Oil majors’ climate plans deemed ‘grossly insufficient’ to prevent climate breakdown

The ExxonMobil refinery in the Port of Rotterdam
An ExxonMobil refinery in the Netherlands. The company was one of six that the Oil Change International report says has explicit goals to increase oil and gas production within the next three years or beyond (Photo: Dean Mouhtaropoulos/Getty Images)

Leading oil and gas companies are expanding operations and investing in offsets to prolong production, says Oil Change International

Research by climate advocacy group Oil Change International has revealed that major oil and gas companies have no plans to stop approving new oil and gas projects in the face of climate change. Instead they plan to hit their carbon emission reduction targets through carbon sequestration and offsets.

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