How oil companies’ soaring profits compare with green-energy investments

Fossil-fuel production must fall imminently for the world to meet the Paris climate targets, say some analyses.Many of the world’s biggest oil-and-gas companies have announced huge first-quarter profits, as climate campaigners worldwide protest over the slow progress in transitioning away from fossil fuels.

“The profits in the oil-and-gas industries are simply showing how much demand there still is for these commodities,” says Daniel Duma, a researcher at the Stockholm Environment Institute.have become an almost weekly occurrence in cities worldwide, as groups such as Just Stop Oil and Extinction Rebellion demand more urgent action from governments.

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