66 Days
Source:
The Guardian
Fuel on the fire: why oil companies are profiting as global temperatures rise
Major oil companies plan to increase their production by an average of 14% between 2024 and 2030, according to a study by the Climate Transition Centre at the London School of Economics. This expansion contradicts the global goal of limiting temperature rise to below 2°C, with many firms backing away from previous renewable commitments and prioritizing shareholder profits over climate goals. Despite scientific consensus that burning fossil fuels worsens the climate crisis, these companies are investing in more oil and gas extraction, contributing to escalating global heat and environmental risks.
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