The world is on track to produce about 120 per cent more fossil fuels in 2030 than would be consistent with limiting warming to 1.5 degrees, and 50 per cent more than would be consistent with limiting warming to 2 degrees.
Four days in the Permian Basin is enough. It’s overwhelming in every way. It’s overwhelming the carrying capacity of the land. It’s overwhelming the community. And as Permian oil, gas, and toxic gas liquids flood global markets, it’s overwhelming our climate.
Yesterday, the EIB announced it will end financing for fossil fuel energy projects from the end of 2021.
In case you missed it, yesterday the International Energy Agency released its hallmark report, World Energy Outlook (WEO) 2019. If the resultant press coverage and social media traffic was any indication, there are growing concerns over the inadequacy of the WEO.