The CO2-intensive oil and gas industry is undergoing massive disruption as more countries and companies attempt to achieve net zero emissions by 2050. However, addressing emissions and supporting low-carbon industries will require a combination of well-designed regulation and increased investment in decarbonisation. , according to GlobalData , a leading data and analytics company.   Greenhouse gas (GHG) emissions generated by oil and natural gas operations – also known as scope 1 and 2 emissions – were estimated to account for 15 % of total energy-related emissions worldwide in 2022. Another 40 % of energy-related emissions came from the use of oil and gas for power generation, heating, vehicle fuel and industrial processes, also known as Scope 3 emissions. In this context, developed countries are aiming for net zero by 2050, while developing countries like China and India are aiming for 2060 and 2070.   GlobalData's thematic report "Net Zero Strategies in Oil & Gas" provides an overview of efforts to reduce emissions from the oil and gas industry. It compares leading companies such as BP, Equinor, ExxonMobil, TotalEnergies and Shell based on their emissions and net zero liabilities.