July 23, 2020

Energy majors ‘spend 90%’ on fossil fuels despite climate pledges

Paris (AFP) – Energy giants Shell and Total continue to invest 90 percent of their capital on planet-warming fossil fuels despite promises to slash their greenhouse gas emissions, according to an industry analysis seen exclusively by AFP.With combined emissions equivalent to that of Germany — the world’s fourth largest economy — both companies are likely to fall “well short” of their own sustainable investment targets, the Institute for Energy Economics and Financial Analysis (IEEFA) said. The report comes after a string of industry behemoths have committed to reducing their carbon pollution…

source https://this.kiji.is/en/659009476732863585?c=648607265489716321

Leave a Reply

Your email address will not be published. Required fields are marked *