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.

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Kerry challenges oil industry to prove its promised tech rescue for climate-wrecking emissionsWASHINGTON (AP) — Oil and gas producers talk up technological breakthroughs they say will soon allow the world to drill and burn fossil fuels without worsening global warming. U.S. climate envoy John Kerry says the time is here for the industry to prove it can make the technology happen — at scale,…
Source: dcexaminer - 🏆 6. / 94 Read more »

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.
Source: IntEngineering - 🏆 287. / 63 Read more »