Audioburst Search

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.

Coming up next

Current oil and gas projects will warm Earth past 1.5C:

Climate Connections 2 months ago

Trump Says He May Invoke The Obscure Insurrection Act To Quell Protests

AP 24 Hour News 4 hrs ago

Louisville police chief fired after fatal shooting of black business owner

WBBM Evening News 5 hrs ago

Sheriff takes off riot gear and walks with protesters in Flint

Sean Hannity 11 hrs ago

U.S. astronauts welcomed at International Space Station after historic launch

News and Perspective with Taylor Van Cise 12 hrs ago

Cuomo: "Don't snatch defeat from the jaws of victory" in virus fight

Dave Ramsey 14 hrs ago

Officials fear protests may cause surge in coronavirus cases

KNX Midday News with Brian Ping 16 hrs ago

Mayor Marty Walsh addresses overnight looting, violence following Boston protests

WBZ Afternoon News 13 hrs ago

Atlanta protests: Protesters gather for the third day downtown

Sean Hannity 13 hrs ago

A Fort Lauderdale police officer has been suspended after video showed him pushing a kneeling woman to the ground

WTOP 24 Hour News 15 hrs ago

George Floyd death: Thousands join UK protests

WTOP 24 Hour News 15 hrs ago