1. Not Keeping It in the Ground
- Subjects
Petroleum industry -- Production management -- Environmental aspects ,Gas industry -- Production management -- Environmental aspects ,Environmental issues ,International relations ,Zoology and wildlife conservation - Abstract
If there's one thing we know by now, it's that we need to keep fossil fuel reserves in the ground in order to limit global warming to anywhere close to 1.5[degrees]C. We also need to start shutting down existing operations. But instead of acting on that knowledge, countries around the world have big plans to keep extracting oil and gas. Research by Oil Change International indicates that new oil and gas projects planned by just 20 countries between 2023 and 2050 would emit some 173 billion tons of carbon pollution, or as much as the lifetime emissions from 1,100 new coal plants. Those 20 countries, should they proceed with their plans, would be responsible for almost 90 percent of emissions from new development over that period, and would almost certainly ensure that we pass 1.5[degrees]C threshold, sending our planet into a chaotic climate future., Countries with the biggest expansion plans include five developed nations that, together, are responsible for a major chunk of historical carbon emissions, and that also have the financial capacity to [...]
- Published
- 2024