The last two years have witnessed the hottest one in history, some of the worst wildfire seasons across Canada, Europe and South America and deadly flooding and heat waves throughout the globe. Over that same period, the world’s largest fossil fuel producers have expanded their planned output for the future, setting humanity on an even more dangerous path into a warmer climate.
Governments now expect to produce more than twice as much coal, oil and gas in 2030 as would be consistent with the goals of the Paris Agreement, according to a report released Monday. That level is slightly higher than what it was in 2023, the last time the biennial Production Gap report was published.
The increase is driven by a slower projected phaseout of coal and higher outlook for gas production by some of the top producers, including China and the United States.
Yes, every fossil fuel producer is trying to get most of the shrinking market that they know won’t last for long and will never be back. And that means that the most expensive producers will just go out of business.
Were you really expecting global warming to be avoided by the fossil fuel sellers not trying to make a profit?