The world’s largest oil and gas companies often report a range of internal and proprietary climate scenarios, making it difficult to compare across the sector, non-profit think tank Carbon Tracker said in a report , calling for a common reference scenario and financial risk disclosures just as some of the oil majors are holding their annual shareholders’ meetings. Carbon Tracker’s report analyzed the climate risk company disclosures of BP, Chevron, ConocoPhillips, Eni, ExxonMobil, Shell, Statoil (now Equinor), and Total. The analysis compared the climate reports of the oil majors according to four key themes—the 2°C scenario modeling, scenario outputs, market risk, and carbon pricing. The main findings in Carbon Tracker’s analysis include clear inconsistencies in the current use of scenario analysis, as companies take different approaches to different scenarios, and this impedes comparability. Then, although some companies model the possibility that lower commodity prices are possible with lower demand […]