Entire $4.9 trillion investment in new oil and gas is incompatible with global climate goals
(WorldNews Africa)

The report, Overexposed, published today, is the first to compare the latest 1.5°C climate scenarios used by the Intergovernmental Panel on Climate Change with industry forecasts for production and investment.[1] It finds that any oil and gas production from fields not yet in production or development would exceed what climate scenarios indicate could be extracted and burned while still limiting warming to 1.5°C.[2] ExxonMobil is forecast to spend the most in new fields over the next decade, followed by Shell. Together with Chevron,...