Church investments in major oil companies: Paris compliant or Paris defiant?

Operation Noah’s report shows the gap between the practices of major oil companies and the Paris Agreement targets, and calls on Churches in the UK to urgently divest from fossil fuels to tackle the climate emergency.

The report highlights that Shell and BP intend to spend huge sums on exploration and extraction of new reserves this decade. Shell and BP are planning to increase oil and gas production by 38% and 20% respectively between 2018 and 2030, when global carbon emissions must fall by 55% by 2030 in order to limit the global average temperature rise to 1.5°C, according to the 2019 UN Emissions Gap report.