Sentences with phrase «coal reserves currently»

Shell: «The issue of the bubble arises because the combined proven oil, gas and coal reserves currently on the books of fossil fuel companies (and governments in the case of NOCs) will produce far more than this amount of CO2 when consumed.»

The issue of the bubble arises because the combined proven oil, gas and coal reserves currently on the books of fossil fuel companies (and governments in the case of NOCs) will produce far more than this amount of CO2 when consumed.

Not exact matches

McKibben closes his case by highlighting research by the Carbon Tracker Initiative which reports that burning the total amount of coal, oil and gas reserves currently held by fossil fuel companies would release five times the amount of carbon needed to stay under the two - degree threshold.

Compared with remaining reserves of coal as of 2005 plus postulated additions to reserves to 2050, these cases predict that coal production from 2006 to 2050 will use up 34 — 40 % of currently remaining ultimate world coal reserves.

* The reserves in currently operating oil and gas fields alone, even with no coal, would take the world beyond 1.5 °C.

This matters because there is a huge amount of carbon currently locked up in permafrost, and the methane hydrates alone contain more carbon than all of Earth's proven reserves of coal, oil, and natural gas combined.