Climate crisis puts oil in the crosshairs, but dependence persistsUnited States & Canada – South China Morning Post

Source: United States & Canada – South China Morning PostThe climate crisis has put the end of oil onto the agenda, but achieving that is a colossal task given the world economy’s deep dependence on petroleum.“In 2021, several developments showed clearly that [the petroleum] industry doesn’t have a future,” said Romain Ioualalen at the activist group Oil Change International.The International Energy Agency warned in May that an immediate halt to new investment in fossil projects is needed if the world is to reach net-zero carbon emissions by 2050 and…Read More

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