The embedded carbon emissions from the oil, gas, and coal in currently operating fields and mines, if they run to the end of their projected lifetimes, will take us just beyond the Paris Agreement’s 2C warming limit, and even further from the goal of 1.5C, a new study has found.
Fossil fuel reserves
New analysis shows growing fossil reserves with a shrinking carbon budget
FOR IMMEDIATE RELEASE 26 November 2013 Contact: Stephen Kretzmann, steve [at] priceofoil [dot] org New Oil Change International interactive graphic shows growing fossil fuel reserves in contrast to shrinking global carbon budget WASHINGTON, DC – New analysis by Oil Change International shows that global fossil fuel reserves continue to expand while the Intergovernmental Panel on Climate … Read More
Fossil Fuels Becoming the “New Tobacco”
For over a decade now a growing band of activists and enlightened financiers have argued that if we are going to tackle climate change then a proportion of fossil fuels have to stay in the ground.