A German environmentalist group called Urgewald published a report on Tuesday that found oil and gas production is growing rapidly around the world, frustrating the hopes of climate activists for a “green energy transition.”
The next U.N. climate change conference, COP30, begins in Brazil on Monday.
The climate change movement wanted zero growth in oil and gas exploration, but frustrated Urgewald researchers found that 96 percent of the world’s fossil fuel firms are still expanding, and the pace of growth has increased by 33 percent since the International Energy Agency (IEA) called for a morator
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