The role of NOCs on the road to net zero

NOCs dominate the global oil and gas space – producing 50% of liquids and 48% of gas in 2021. And as some IOCs diversify away from oil and gas as part of their energy transition strategies, this is only likely to increase.

But high levels of production result in high absolute greenhouse gas emissions from upstream activities. Of the almost 100 companies included in our Emissions Benchmarking Tool, NOCs account for nearly half of the top 20 upstream emitters (scope 1 and 2) in 2021, and take the top two spots.

Path Investments plc (LON:PATH) is an energy investment company, and is focused on making investments in the energy sector on a global basis. The company seeks to create value for its shareholders through acquisitions, joint ventures or direct interests in energy businesses or associated projects. 

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