'Alarming': Report warns oil and gas investment plans blow a hole in 1.5C ambition

Michael Holder
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Global Witness warns of stranded asset risk in the oil and gas sector
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Global Witness warns of stranded asset risk in the oil and gas sector

None of the $4.9tr forecast to be spent on new oil and gas fields in the 2020s is compatible with limiting global warming to 1.5C, a Global Witness analysis has warned

The oil and gas industry is forecast to spend a massive $4.9tr on exploration and extraction of new fossil fuel fields over the next decade, despite none of this activity being compatible with limiting...

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