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‘Insanity’: petrostates planning huge expansion of fossil fuels, says UN report
(www.theguardian.com)
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This is the best summary I could come up with:
The report sets out starkly the fundamental conflict driving the climate crisis: fossil fuel burning must rapidly be cut down to zero, yet petrostates and companies intend to keep on making trillions of dollars a year by increasing production.
“The addiction to fossil fuels still has its claws deep in many nations,” said Inger Andersen, the executive director of the UN environment programme.
Of those, 17 had pledged to achieve net zero emissions, said Michael Lazarus at the Stockholm Environment Institute (SEI), a lead author of the report.
A long series of scientific studies has concluded that any new oil and gas fields are incompatible with staying below the 1.5C global heating limit agreed in Paris, including a 2021 analysis by the International Energy Agency.
The Guardian revealed in 2022 that the world’s biggest fossil fuel businesses were planning scores of “carbon bomb” oil and gas projects.
“Starting at Cop28, nations must unite behind a managed and equitable phase-out of coal, oil and gas, to ease the turbulence ahead and benefit every person on this planet,” Andersen said.
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