Major new energy projects, like Shell’s LNG Canada, don’t gel with Paris targets: report
Major
oil companies have approved $50 billion of projects since last year
that will not be economically viable if governments implement the Paris Agreement on climate change, think-tank Carbon Tracker said in a report published on Friday.
oil companies have approved $50 billion of projects since last year
that will not be economically viable if governments implement the Paris Agreement on climate change, think-tank Carbon Tracker said in a report published on Friday.
The
analysis found that investment plans by Royal Dutch Shell, BP and
ExxonMobil among other companies will not be compatible with the 2015
Paris Agreement, which aims to limit global warming to 1.5 degrees
Celsius.