Read the latest insights and analysis from the experts at Oil Change International.
According to the Financial Times "Around $900bn – or one-third of the current value of big oil and gas companies – would evaporate if governments more aggressively attempted to restrict the rise in temperatures to 1.5C above pre-industrial levels for the rest of this century.”
On the frontlines, the certainty of before has given way to the uncertainty of the future. But the fossil fuel machine continues to churn and burn.
Sixty years ago, Rachel Carson sparked our modern environmental movement. But sixty years of denial has pushed us to the brink of climate catastrophe.
The old saying goes, when in a hole, stop digging. So when your country is on fire, put out the fire and take action to stop further fires in the future.
For years, Big Oil and Big Coal have carried on drilling and mining as if they were immune from the consequences of their actions. They knew the risks, but ignored them. Now they must pay.
This is climate madness. This is nonsensical. As Australia burns, it carries on drilling, fracking and mining.
The next decade will define our collective future. We better not waste it. We have no time to waste. For we have wasted too much time already.
The results of the UK election does not bode well for the climate. But we must remain strong.
How many fires will it take, how many deaths will it take, how many sick struggling to breathe or unclog their lungs from the toxic smoke, before Australian Prime Minister Scott Morrison stands up to the fossil fuel lobby and instead stands for the people who elected him?
Try as he might, Trump cannot stop the slow death march of coal towards the history books, in the US, at least. We are shutting down the fossil fuel industry, one coal plant at a time.
