Reducing the dependence of the global economy on oil is a colossal task.
"In 2021, several developments showed clearly that industry doesn't have a future," said Romain Ioualalen at the activist group Oil Change International.
More recently, environmental defenders scored a symbolic victory when oil giant Shell decided to exit the development of the controversial Cambo oil field off Scotland saying the investment case was"not strong enough". "Any talk of the oil and gas industries being consigned to the past and halting new investments in oil and gas is misguided," OPEC leader Mohammed Barkindo said recently.
Oil Change International's Ioualalen said that arguments put forward by oil companies and producing nations are cynical and focus on the short term.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
End trade barriers to help tackle climate crisis, says WTO chiefNgozi Okonjo-Iweala calls for changes to ensure developing nations are resilient to affects of extreme weather
Read more »
Climate, the far-Left and the devilish problem facing the GreensConfronting an onslaught from progressive independents, Adam Bandt’s party faces the risk of relevance deprivation.
Read more »
‘We’re all citizens of planet Earth’: former astronaut Bill Nelson on his mission at NasaNasa’s new administrator discusses the space race with China, UFOs, billionaire ‘astronauts’ and building a ‘mission control’ for climate change
Read more »
Mustard, fries in short supply due to Canada's climate change woesMcDonald's has been forced to downsize its fries in Japan due to flooding in Canada brought on by climate change:
Read more »
‘Skills are the new oil’: Why resumes are on the way outThe ‘great resignation’ we saw in the latter half of 2021 is expected to take a different shape in 2022, says Reejig chief executive Siobhan Savage.
Read more »
England must put horror shows behind and come out fighting on Boxing DayMajor surgery is needed for the tourists. The band-aid of picking the best available 11 would be a start.
Read more »