Davos: Oil giants target deeper carbon emission cuts

The bosses of some of the world’s biggest oil companies have discussed adopting much more ambitious carbon targets at a closed-door meeting in Davos, a sign of how much pressure they’re under from activists and investors to address climate change.

The meeting, part of a World Economic Forum dominated by climate issues, is understood to have included a debate on widening the industry’s target to include reductions in emissions from the fuels they sell, not just the greenhouse gases produced by their own operations.