大石油与气候：行动胜于空谈.docxVIP

J▼卜 HSBCGlobal Research 21 May 2020Big Oils Climate Actions will speak louder than wordsEquities Oil GasGlobal We look at Big OilsJ revised climate ambitions; six EU majors now aiming for long-term decarbonisation and/ or net zero5In our view the next 5 years of action could be a crucial litmus test for credibility and feasibility of strategies We discuss what net zero, looks like for an oil company in practice, and the challenges with Paris aligned5 aspirationsRecent wave of climate strategy revisions means ambitions are raised across the board in Europe, with the US now further behind. Wev