As usual you miss the point. Wouldn't be at the shocking level of $7 if it weren't $4-$5 right here at home. Just a symptom but an eye catching trend alarm. The only reason I like it that high is 1) I'm making lots of $$ in the energy sector right now and 2) those prices spell doom for the current administration and a return to sane and stable energy policy of the past 5 years. All the virtue signaling is pure BS. Money talks and we will return to lower prices in the future no matter what governments tell the SJW's.
Fossil fuel production 'dangerously out of sync' with global climate targets, UN warns
The United Nations Environment Programme's annual production gap report found governments were on track to produce more than twice the levels of fossil fuels in 2030 than would be needed to keep rising global temperatures to below 1.5 degrees Celsius.
Ahead of the COP26 climate summit in just over a week, politicians and business leaders are under immense pressure to meet the demands of the climate emergency by delivering on promises made as part of the landmark 2015 Paris Agreement.
The findings reaffirm the
yawning gap between meaningful climate action and the rhetoric of policymakers and business leaders publicly touting their commitment to the so-called "energy transition."
The UNEP's report finds most major oil and gas producers are planning on increasing production out to 2030 and beyond, while several major coal producers are also planning on continuing or increasing production.
By the end of the decade, government's production plans and projections were forecast to lead to around 240% more coal, 57% more oil and 71% more gas than would be consistent with limiting global heating to 1.5 degrees Celsius.
The findings reaffirm the yawning gap between meaningful climate action and the rhetoric of policymakers and business leaders publicly touting their commitment to the so-called "energy transition."
The UNEP underscored this point once again, noting global fossil fuel production remains "dangerously out of sync" with Paris Agreement limits. It said worldwide fossil fuel use must start declining immediately and steeply to be consistent with limiting long-term warming to 1.5 degrees Celsius.
The report analyzed 15 major fossil fuel producers: Australia, Brazil, Canada, China, Germany, India, Indonesia, Mexico, Norway, Russia, Saudi Arabia, South Africa, the United Arab Emirates, the U.K. and the U.S.
The climate plans of the countries analyzed show oil, gas and coal production was on track to increase until at least 2040.
Of the three fossil fuels, gas production was expected to increase the most between 2020 and 2040, the report said, based on the governments' plans.
https://www.msn.com/en-us/money/markets/fossil-fuel-production-dangerously-out-of-sync-with-global-climate-targets-un-warns/ar-AAPKpxz?ocid=uxbndlbing
