@Nonilex Sounds like an "ostrich" effect with the finance folk burying their heads in the sand. They can't quantify the effects, and can't understand how to mitigate them. Result: Ignore the problem and make it seem like it won't affect them, let alone everyone on Earth.
Fossil fuel use and emissions hit record highs as world struggles with deadly heat, storms and fires
"The growth in #FossilFuels drove a 2.1% increase in energy-related #emissions last year, pushing them above 40 billion metric tons for the first time, according to the report by the Energy Institute.
Even though the world is adding clean, renewables at record levels, global energy demand is growing so fast that fossil fuels are filling the gaps."
@CelloMomOnCars@breadandcircuses “Even though the world is adding clean, renewables at record levels, global energy demand is growing so fast that fossil fuels are filling the gaps."
Right now it is a pretty big “gap” they are filling. Probably more accurate to say that renewables are adding a thin layer of icing on top of a fossil fuel cake.
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"Despite a record rise in the use of renewable energy in 2023, consumption of fossil fuels climbed to a record high last year, driving emissions to more than 40 gigatonnes of CO2 for the first time.
While energy industry emissions may have reached a peak in advanced economies, developing economies are continuing to increase their reliance on coal, gas and oil.
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A streak of record-setting #heat that began last summer has now persisted for an entire year across the globe, researchers announced Wed, pushing #Earth closer to a dangerous threshold that the #world’s nations had pledged not to cross.
Temperatures surpassed the 1.5°C #warming threshold over the past year, & scientists warn they will again soon.
@ScientistRebellion And the super yachts. I saw a chart once showing the emissions of various billionaires and the ones with yachts dwarfed the emissions of those without, even heavy private jet users. They have to go too. Let 'em get sailing ships instead.
The Indian government continues its unrelenting pursuit of coal power while ordinary Indians succumb to the heat in record numbers.
While developed nations bear the bulk of the responsibility, developing nations cannot turn a blind eye the impacts of #ClimateBreakdown and their role in it.
All governments need to act NOW, not just set benchmarks and targets that are never met
@ScientistRebellion Indeed. Though I recommend considering the phrase "foul fuels" (since fossils are wonderful and illuminating). And let's identify the type of rentier parasite assholes killing people and planet for profit (along with democracies/governments).
#Senate#Democrats opened an investigation on Thurs into #Trump’s meeting w/ #oil & #gas execs last month to determine whether Trump offered a “policies-for-money transaction” [#bribe ] when he asked for $1B for his 2024 campaign so he could retake the White House & delete #POTUS#Biden’s #climate#regulations.
So while you & I might think its necessary to speed up the Green Transition & enhance/accelerate measures to reduce emissions, Shell's shareholders disagree.
The firm has just sought & obtained agreement from investors to slow down its measures to mitigate its environmental impact & reduce progress towards its own (already weak) climate targets.
More reason(s) the fossil fuels sector cannot really be central to climate response(s).
Key Findings of Oil Change International's "Big #Oil Reality Check" - Oil majors fail to align with international agreements to phase out #FossilFuels and to limit global temperature rise to 1.5ºC ... Combined, 8 ('oil majors') companies’ current oil and #gas extraction plans are consistent with more than 2.4°C of global temperature rise, likely leading to global devastation."
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Every company is “Grossly Insufficient” or “Insufficient” on a majority of criteria.
Three companies (Chevron, ConocoPhillips, and ExxonMobil) are “Grossly Insufficient” — our lowest rating — on all criteria.
These 8 companies alone are on track to use 30% of our remaining carbon budget to limit global temperature rise to 1.5°C.
Of the 8 analyzed companies, 6 have explicit goals to increase oil and gas production. Even those without such plans are advancing new #FossilFuel projects and selling polluting assets rather than shutting them down, masking their actions as contributing to an energy transition while perpetuating #climate pollution.
Integrity: None of the companies we analyzed have set comprehensive targets to ensure their total emissions decline rapidly and consistently, starting now. Every company intends to rely on carbon capture and storage (CCS), offsets, and/or other methods that delay and distract from ending fossil fuels, and prolong the health and community safety impacts of dirty energy.
People-Centered Transitions: All companies fail to meet basic criteria for just transition plans for workers and communities where they operate. All companies fail to meet basic criteria on upholding human rights."
Big banks have funneled nearly $7 trillion in funding to the fossil fuel industry since the Paris agreement on carbon emissions, $3.3 trillion towards expansion.
Major bad #ClimateCrisis news just published in today's #Guardian - "Exclusive: Planet is headed for at least 2.5C of heating with disastrous results for #humanity poll of hundreds of scientists finds - World’s top #climate scientists expect #GlobalHeating to blast past 1.5C target.
Hundreds of the world’s leading climate scientists expect global temperatures to rise to at least 2.5C (4.5F) this century, blasting past internationally agreed targets and causing catastrophic consequences for humanity and the #planet, an exclusive Guardian survey has revealed.
Almost 80% of the respondents, all from the authoritative Intergovernmental Panel on Climate Change ( #IPCC), foresee at least 2.5C of global heating above preindustrial levels, while almost half anticipate at least 3C (5.4F). Only 6% thought the internationally agreed 1.5C (2.7F) limit will be met."
Numerous experts said they had been left feeling hopeless, infuriated and scared by the failure of governments to act despite the clear scientific evidence provided.
“I think we are headed for major societal disruption within the next five years,” said Gretta Pecl, at the University of Tasmania. “[Authorities] will be overwhelmed by extreme event after extreme event, food production will be disrupted. I could not feel greater despair over the future.”
"Younger scientists were more pessimistic, with 52% of respondents under 50 expecting a rise of at least 3C, compared with 38% of those over 50. Female scientists were also more downbeat than male scientists, with 49% thinking global temperature would rise at least 3C, compared with 38%. There was little difference between scientists from different continents."