Sentences with phrase «fuel reserves currently»

In its response, Exxon denied that global society possesses the will to keep temperatures from increasing by more than two degrees Celsius, and therefore none of the fossil fuel reserves currently counted as assets will be left unburned.

Not exact matches

Burning known fossil fuel reserves would release nearly 3000 gigatonnes, and energy companies are currently spending $ 600 billion trying to find more.

Forsberg added that the spent nuclear fuel currently awaiting a home in the U.S. could be compared with «a super-strategic petroleum reserve.

The increased price of energy and exhaustion of good - quality fuel reserves mean it is currently more profitable to use lower - quality fuels.

There have been several studies of this strategy, and the ones I've seen show the world blowing well past 2 - or 3 - degree - C temperature increases, unless the major energy companies leave most of their currently known fossil fuel reserves in the ground along with any new discoveries.

The analysis shows that London currently has 105.5 GtCO2 of fossil fuel reserves listed on its exchange, over ten times the UK's domestic carbon budget for 2011 to 2050, of around 10 GtCO2.

The report calculates that the world's currently indicated fossil fuel reserves equate to 2,860 bn tonnes of carbon dioxide, but that just 31 % could be burned for an 80 % chance of keeping below a 2C temperature rise.

Rather than finding ways to curtail fossil fuel production in line with the demands of climate science, the U.S. federal government, under President Obama's «All of the Above» energy strategy, is currently channeling more than $ 5 billion each year in exploration subsidies to actually expand proven reserves, leading to the discovery of fossil fuels that we know we should never burn.

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.

Fossil fuel reserves are currently more than 5 times the amount we can burn before hitting the internationally agreed upon ceiling of 2 °C of warming.

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.

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.»