The International Energy Agency says there are many cost-effective opportunities to bring down the emissions intensity of producing and delivering oil and gas. – EPA pic, January 20, 2020.
WHILE certain oil and gas majors have sought to burnish their green credentials, overall, less than 1% of the sector’s total investment is going into clean energy projects, a report said today. Experts are increasingly worried that the target set in the 2015 Paris accord to limit global temperature rises to “well below” 2°C is rapidly becoming unattainable, condemning the world to a cascade of costly droughts, superstorms, floods and wildfires as greenhouse gases warm the atmosphere.
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