Current oil and gas projects will warm Earth past 1.5C:
I'm doctor. Anthony License and this is climate connections in the Paris. Climate Agreement world leaders committed to try to limit global warming to just one and a half degree Celsius which would greatly reduce the risks of climate. Change for that to happen. The world must quickly decrease its use of fossil fuels but and gas companies continue to invest in new projects. Rob Shirk is with carbon tracker North America. A think tank then analyzes how the climate issue affects financial markets in a recent report. His group analyze the oil and gas projects that already exist to determine whether these investments are compatible with the world climate goals the analysts found that current projects alone will push the world past the one and a half degree Celsius goal. The message from the one point five degrees areas fairly stark and fairly simple. It's essentially that we don't need any new oil and gas projects at all which is obviously not what's going on today. Companies continue to spend a lot of capital on new projects. If the world decides not to burn that oil and gas the companies will be unable to sell the fuel they're planning to extract shirk says that poses a major financial risk to the companies and their investors. This is certainly very stark message for the industry.