Posted on 05/22/2022 3:51:04 PM PDT by Libloather
The world’s biggest fossil fuel firms are quietly planning scores of “carbon bomb” oil and gas projects that would drive the climate past internationally agreed temperature limits with catastrophic global impacts, a Guardian investigation shows.
The exclusive data shows these firms are in effect placing multibillion-dollar bets against humanity halting global heating. Their huge investments in new fossil fuel production could pay off only if countries fail to rapidly slash carbon emissions, which scientists say is vital.
The oil and gas industry is extremely volatile but extraordinarily profitable, particularly when prices are high, as they are at present. ExxonMobil, Shell, BP and Chevron have made almost $2tn in profits in the past three decades, while recent price rises led BP’s boss to describe the company as a “cash machine”.
The lure of colossal payouts in the years to come appears to be irresistible to the oil companies, despite the world’s climate scientists stating in February that further delay in cutting fossil fuel use would mean missing our last chance “to secure a liveable and sustainable future for all”. As the UN secretary general, António Guterres, warned world leaders in April: “Our addiction to fossil fuels is killing us.”
Details of the projects being planned are not easily accessible but an investigation published in the Guardian shows:
The fossil fuel industry’s short-term expansion plans involve the start of oil and gas projects that will produce greenhouse gases equivalent to a decade of CO2 emissions from China, the world’s biggest polluter.
These plans include 195 carbon bombs, gigantic oil and gas projects that would each result in at least a billion tonnes of CO2 emissions over their lifetimes, in total equivalent to about 18 years of current global CO2 emissions. About 60% of these have already started pumping.
(Excerpt) Read more at theguardian.com ...
Oh the sky is falling... omg the bs
FFS
I’m going to need more ice …. Thanks for the reminder
Utter BS.
Just flat out utter climate change/global warming BS.
These moron libtards, no matter how many times their cries of WOLF are proved to be lies will never give up. They can not accept the fact that absolutely no one is listening to them any longer.
“...Details of the projects being planned are not easily accessible...”
Really no need to read past “The Guardian”. It’s all BS after that.
In 100 years or so, our descendants will look back and wonder why we were so upset that we starved ourselves.
Promises, promises. Start the show!.
The sky is falling!
The sky is falling!
Here we go again...
Some predict that 100 years from now 99.9% of the people alive today will be dead
A reason why I support FR but not The Guardian.
Total BS, aimed at the energy companies.
I left a few Carbon Bombs this morning. Thankfully it was before Church.
Hyperbolize much, do they?
Bean burrito tonight. One carbon bomb - coming up!
I heard this same thing over 15 years ago....This is a joke.
Hahaha...”FFS” is the classic and perfect response to these overheated authoritarian soy-boy pussies.
set to trigger catastrophic climate breakdown
AGAIN ???
Big oil and the big guy scratch each others’ backs.
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