Carbon Tracker warns over oil companies' spending in high cost areas

The analysis, written by Energy Transition Advisors (ETA), assists investors to continue their engagement with companies over carbon asset risk. It introduces the concept of a carbon supply cost curve to global oil projects – highlighting that many make neither financial or carbon sense when stress-tested against demand, price and emissions scenarios.

ETA intends to follow up this oil sector overview with more detailed company-specific information, moving on to analyse global coal assets and then gas. ETA has further detailed pieces of research looking at project economics, demand and supply, available on the research page.