Sentences with phrase «fuel reserves held»
A quick look at the proposed Intergovernmental Panel on Climate Change carbon budget to keep global warming below 2 °C, alongside the fossil fuel reserves held by the industry, is enough to see that the two aren't compatible.
https://www.newscientist.com/ Not exact matches
It's also important to understand that certain activities — like reserving a rental car, making a hotel reservation or fueling up at a gas station — trigger a hold on your account.
But last year the Gates Foundation invested at least $ 1 billion of its holdings in 35 of the top 200 carbon reserve companies, while the Wellcome Trust invested $ 834 million in fuel - industry mainstays Shell, BP, Schlumberger, Rio Tinto and BHP Billiton.
The so - called «carbon bubble» is the result of an over-valuation of oil, coal and gas reserves held by fossil fuel companies.
He talks about monetary values of the reserves being written off, as if the only cost will be to Exxon (and who cares about Exxon), but that fuel has real value to billions of people — so much so that every time prices tick up a tad, Exxon gets hauled in front of Congress to prove its not somehow holding back production.
The problem is, the total known fossil fuel reserves being held would release 2,860 GtCO2 into the atmosphere if burned.
Fossil fuel companies hold vast oil, gas and coal reserves that help determine their market value.
De Blasio and City Comptroller Scott Stringer announced a «goal» to sell the assets that its five pension funds hold in companies that own reserves of fossil fuels within five years.
According to Carbon Tracker (PDF), there is a potential that 80 percent of the world's carbon reserves will become unburnable, which — if this situations holds true — would result in a $ 20 trillion write - off in losses by fossil fuel companies.
One of the rallying points was a scientific calculation that the rise of global temperature could not be held below 2 °C (the internationally accepted point at which the warming would become «dangerous») unless at least half the known reserves of fossil fuels were left in the ground.
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.