“For 30 years we have been making emissions reductions targets but the fossil fuel industry has been continuously expanding production,” Tzeporah Berman, chair of the initiative, said at Cop27. “We are trying to reduce the demand for fossil fuels without reducing the supply, which is like trying to cut with one half of the scissors. There is no treaty on what governments can produce and where and, without a treaty, we will be unable to bend the curve on emissions.”
What’s the problem with more fossil fuel production?
The problem is that there is far more coal, oil and gas in company and government reserves, and planned for production, than can ever be burned if global heating is to be kept to 1.5C above pre-industrial levels. Put another way, burning all the fossil fuel currently on companies’ books would guarantee climate catastrophe.
Many major studies support this conclusion, including one that found 90% of coal and 60% of oil and gas reserves could not be extracted. In May, a Guardian investigation revealed that the world’s biggest fossil fuel firms were planning scores of “carbon bomb” oil and gas projects that would result in catastrophic global impacts.”
What is the fossil fuel non-proliferation treaty?
https://www.theguardian.com/environment/2022/nov/11/what-is-the-fossil-fuel-non-proliferation-treaty
via Instapaper
What’s the problem with more fossil fuel production?
The problem is that there is far more coal, oil and gas in company and government reserves, and planned for production, than can ever be burned if global heating is to be kept to 1.5C above pre-industrial levels. Put another way, burning all the fossil fuel currently on companies’ books would guarantee climate catastrophe.
Many major studies support this conclusion, including one that found 90% of coal and 60% of oil and gas reserves could not be extracted. In May, a Guardian investigation revealed that the world’s biggest fossil fuel firms were planning scores of “carbon bomb” oil and gas projects that would result in catastrophic global impacts.”
What is the fossil fuel non-proliferation treaty?
https://www.theguardian.com/environment/2022/nov/11/what-is-the-fossil-fuel-non-proliferation-treaty
via Instapaper