NRGI has published a new report, Risky Bet: National Oil Companies and the Energy Transition, contrasting the investment plans of national oil companies (NOCs) with global commitments to climate action.

The report finds that NOCs are set to invest $400 billion in costly oil and gas projects that will only break even if we fail to take the action necessary to keep global warming within 2°C.

Watch the video to learn more. 

Read the report.