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Why it’s getting harder to kick our fossil fuel addiction

Financial Times LogoFinancial Times1w ago

Why it’s getting harder to kick our fossil fuel addiction

Quick Summary

Plus, how much of the world’s reserves must stay in the ground to meet the Paris climate target for global warming?

And any new fossil fuel infrastructure developed now — like the big new LNG export terminal Cheniere decided to build on the Texas coast — will last generations.

In Data Drill, Amanda highlights a report showing there are far more fossil fuel reserves being held by publicly listed companies than can be safely burnt.


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Article Details

Author / Journalist: Justin Jacobs

Category: MarketsFinanceInvesting

Topics: Financial Global Energy Fossil Reserves Fuel Prices Last Climate Companies

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-06-23, 11:00:21

News Timezone: GMT -5:00

News Source URL: ft.com

Language: English

Reading Time: 9 minutes read

Article Length: 1557 words

Coverage Area: United States

Availability: Desktop Web, Mobile Web

News ID: 5876

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About Financial Times

Financial Times Logo

Main Topics: MarketsFinanceInvesting

Official Website: ft.com

Update Frequency: 12 posts per day

Year Established: 1888

Headquarters: United States

News Last Updated: 10h ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT -5:00

News Language: English

RSS Feed: Available (XML)

Website Security: Secure (HTTPS)

Publisher ID: #3

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