Energy firms’ fossil fuel investments radically conflict with climate change obligations
Byline Times reports: The world’s largest fossil fuel firms are spending huge sums of money on new projects that will accelerate the likelihood of climate catastrophe, according to a new report released by the financial think tank, Carbon Tracker Initiative. The report examined the future investment plans of major fossil fuel companies, assessing their compatibility with international climate obligations set at the 2015 Paris Agreement – finding that future investments were significantly misaligned with the 1.5°C target. Under the net…