Nice knowing y’all. Nothing will stop this, pledges are useless. There are no teeth to any agreements.
^
>Global Witness used the Rystad Energy database to investigate the oil and gas production plans of the over 50 signatories to the pact, then used industry standard metrics to calculate the total emissions from their products (known as Scope 3 emissions) by 2050 – the year by which the global economy must achieve net zero emissions.
>It found that:
>Overall, the companies who signed the pledge are on course to produce 265 billion barrels of oil and 26.7 billion cubic metres of gas by mid-century
>The total emissions from these products will release 156 billion tonnes of carbon dioxide equivalent. That is around 62 percent of the remaining carbon humankind can produce before we exhaust our carbon budget to limit heating to 1.5C
>Of the signatories, the most polluting national oil companies were Saudi Aramco and the Abu Dhabi National Oil Company (ADNOC) with a combined production of 136.4 billion barrels of oil and 5.5 billion cubic metres of gas between them. These two companies alone are projected to produce products that emit 64.7 billion tonnes of CO2 – more than one quarter of the remaining 1.5C budget
>The most polluting international oil companies to sign the pact were ExxonMobil, Equinor, TotalEnergies, Eni and Shell, with a combined production of 57 billion barrels of oil and 8.4 billion cm of gas.
>Products from these five listed firms will emit 38.6 billion tonnes of CO2. That’s the equivalent of 15 years’ worth of the European Union’s annual emissions
article continues..
Carbon budget is the same as an alcoholic using a horoscope to calculate how much he can still drink until cirrhosis hits.
2 comments
Nice knowing y’all. Nothing will stop this, pledges are useless. There are no teeth to any agreements.
^
>Global Witness used the Rystad Energy database to investigate the oil and gas production plans of the over 50 signatories to the pact, then used industry standard metrics to calculate the total emissions from their products (known as Scope 3 emissions) by 2050 – the year by which the global economy must achieve net zero emissions.
>It found that:
>Overall, the companies who signed the pledge are on course to produce 265 billion barrels of oil and 26.7 billion cubic metres of gas by mid-century
>The total emissions from these products will release 156 billion tonnes of carbon dioxide equivalent. That is around 62 percent of the remaining carbon humankind can produce before we exhaust our carbon budget to limit heating to 1.5C
>Of the signatories, the most polluting national oil companies were Saudi Aramco and the Abu Dhabi National Oil Company (ADNOC) with a combined production of 136.4 billion barrels of oil and 5.5 billion cubic metres of gas between them. These two companies alone are projected to produce products that emit 64.7 billion tonnes of CO2 – more than one quarter of the remaining 1.5C budget
>The most polluting international oil companies to sign the pact were ExxonMobil, Equinor, TotalEnergies, Eni and Shell, with a combined production of 57 billion barrels of oil and 8.4 billion cm of gas.
>Products from these five listed firms will emit 38.6 billion tonnes of CO2. That’s the equivalent of 15 years’ worth of the European Union’s annual emissions
article continues..
Carbon budget is the same as an alcoholic using a horoscope to calculate how much he can still drink until cirrhosis hits.