Sentences with phrase «fuel reserves despite»
The World Bank Group continues to invest in exploration for new fossil fuel reserves despite clear signs that we already have far more fossil fuels than we can afford to burn, and over the last five years, the World Bank Group's total fossil fuel finance has trended upwards, with finance into the billions of dollars nearly every year.
http://priceofoil.org/ Not exact matches
London, 19th April 2013 — Today new research by Carbon Tracker Initiative and the Grantham Research Institute on Climate Change and the Environment at London School of Economics and Political Science reveals that despite fossil fuel reserves already far exceeding the carbon budget to avoid global warming of more than 2 °C, $ 674 billion was spent last year finding and developing new potentially stranded assets.
Despite the International Panel on Climate Change's (IPCC) warning that roughly two - thirds of existing fossil fuel reserves must stay in the ground and that countries must urgently scale up renewable energy development and deployment to avoid climate catastrophe, this proposal would actually:
Richard talks first about peak oil, a once popular theory about diminishing fossil fuel reserves which he believes will again soon rear its head, despite...
The benefit is that fossil fuels, despite many decades / centuries of reserves are finite.