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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Climate envoy John Kerry urges oil industry to curb emissions through techThe Associated Press published an interview with U.S. climate envoy John Kerry where he urged oil and gas producers to develop the technological breakthroughs they say will soon allow the world to drill and burn fossil fuels without worsening climate change.
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