Oil and gas companies will only survive the climate crisis if they spend more now

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The oil and gas industry needs to work harder and faster to tackle the climate crisis if it wants to remain profitable, a leading energy group says

Oil and gas companies should do much more to respond to the threat of climate change, and cannot rely on fossil fuels to keep driving returns, the International Energy Agency said in a report Monday.Since 2015, the industry has directed less than 1% of its annual capital expenditure towards low-carbon businesses, according to the report.

Reducing emissions"The first immediate task for all parts of the industry is reducing the carbon footprint of their own operations," said Birol."As of today, around 15% of global energy-related greenhouse gas emissions come from the process of getting oil and gas out of the ground and to consumers. A large part of these emissions can be brought down relatively quickly and easily," he said.

 

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vs. killing the oil & gas industry, & the economy w/green new deal?😂

They should be fine since Trump is killing solar!?

They are capitalized well enough to go greener, present themselves as heroes for doing so, acting like they never caused the crisis in the first place, without missing a beat in quarterly earnings.

Hey Democrats, let's not be divisive over CNN tweets! Understand THEY are trying to divide us as Americans. They put out tweets to pin us against each other. Hopefully you see we have more in common but we let CNN divide us! Were not far apart , but cnn is desperate to make us!

You're telling me they can get liquid out of thousands of feet of bedrock but can't get CO2 out of the atmosphere? Give me a break.

Gtfoh!!! The only people that believe this are sheep that don’t research anything and believe what the news feeds them!!! Wake up and look for yourself!!!

Money is the most important thing 😩

Tell me one about trump.

They’re boomers. Won’t do anything until the very last dire moments

That headline makes absolutely no sense whatsoever.

What are the countries with oil based economies? Facts Oil

While they're tackling the climate crisis, they should also tackle all the unicorns and other imaginary things. But even if the climate crisis was real, I read long ago some pub -- Nat Geo I think -- saying we were already past the point of no return. So too late to worry now.

Meanwhile BREAKING_NEWS is happening OANN

These company's dont care.

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