Climate Adaptation

Oil CEOs at Davos Debate Tougher CO2 Cuts as Pressure Mounts

  • Closed-door meeting discussed targets on Scope 3 emissions
  • There was said to be broad support, but no final decision
BP CEO Bob Dudley discusses the energy industry's move to sustainable practices.Source: Bloomberg
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The bosses of some of the world’s biggest oil companies discussed adopting much more ambitious carbon targets at a closed-door meeting in Davos, a sign of how much pressure they’re under from activists and investors to address climate change.