US Leads in New Fossil Fuel Projects Despite Climate Emergency

Flares burning off gas at the South Belridge Oil Field and hydraulic fracking site, which is the fourth-largest oil field in California, in Kern County, San Joaquin Valley, California.

Despite the stark warning, last year at least 20 oil and gas fields worldwide reached “final investment decision,” the point at which companies decide to move ahead with construction and development. Those approvals paved the way for the extraction of 8 billion barrels of oil equivalent . The oil & gas industry persists in development of new fields, as top producing countries boost production.of GEM’s findings shows that burning all the oil and gas from newly discovered fields and approved projects would emit at least 14.1 billion tonnes of carbon dioxide.

last month that members of the public “aren’t willing to spend the money” on renewable energy sources.

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