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The role of NOCs on the road to net zero
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Report summary
National oil companies (NOCs) dominate global oil and gas production resulting in high absolute emissions, but many have low emissions intensity. What does this mean in a low carbon world and will NOCs be next to set net zero targets? Using Wood Mackenzie's Emissions Benchmarking Tool and Lens Direct datasets, we explore the critical role of NOCs to global oil and gas, what NOCs emit, resilience to carbon policy, what has been announced and how NOCs might reduce emissions.
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