Our approach
The oil and gas industry can't afford to ignore the growing climate crisis, nor the growing calls to reduce greenhouse gas (GHG) emissions and rapidly change its business model to accelerate the just transition to a low-carbon economy. Volatile oil prices and the rapid evolution of clean energy technologies combined with the expanding climate and clean air policies worldwide are changing the prospects for oil and gas demand. Failure to address the risks and take advantage of the opportunities presented by the just transition to a low-carbon economy threatens the oil and gas sectorâs long-term stability and profitability.
The oil and gas sector is responsible for 15% of global emissions. Through our Ambition 2030 initiative, Ceres aims to decarbonize the six highest-emitting sectors of the economy, including the oil and gas sector. We work sector-wide, calling on companies to set science-based climate goals, create robust transition action plans, and provide disclosure about how they are achieving interim targets by 2030.