The estimated fossil
fuel reserves still in the ground represent more than 3 trillion tons of carbon emissions.
Not exact matches
But most investors and oil companies are betting on business as usual, with Shell
still trying to find new fossil
fuel reserves.
Which means, you can drive from Los Angeles, California to Flagstaff, Arizona without stopping for gas and
still have some
fuel in
reserve.
Their vision: a smaller, more
fuel - efficient car that could maneuver easily in congested urban areas and compact parking spaces, yet
still provide driver and passengers with levels of luxury and comfort usually
reserved for larger sedans.
It gets less tedious once you upgrade your
fuel reserves, but you're
still forced to watch the same space flight animation over and over.
Even after decades of increasingly dire warnings, the US has
still not passed comprehensive federal legislation to combat global warming; Canada has abandoned past pledges in order to exploit its emissions - heavy tar sands; China continues to depend on coal for its energy production; Indonesia's effort to stem widespread deforestation is facing stiff resistance from industry; Europe is mulling pulling back on its more ambitious cuts if other nations do not join it; northern nations are scrambling to exploit the melting Arctic for untapped oil and gas
reserves; and fossil
fuels continue to be subsidized worldwide to the tune of $ 400 billion.
I propose we begin implementing the viable technologies now, transfer some of the money that is being used to subsidize fossil
fuel consumption into research for more technology, and begin the process of weaning our economy now while we
still have oil
reserves left.
This rather optimistic estimate tells us that end - 2008 we
still had 85 % of ALL the fossil
fuel reserves that were EVER on our planet.
Compare that to oil, which at 29 % of global fossil
fuel reserves, adjusted for energy content,
still has no full - scale, mass - market alternative in its primary market of transportation energy.
The analysis concludes that even a less ambitious climate goal, like a 3 °C rise in average global temperature or more, which would pose significantly greater risks for our society and economy, would
still imply significant constraints on our use of fossil
fuel reserves between now and 2050.
Methane and co2 levels have been many times higher in the past and even if the entirety of the Worlds know fossil
fuel reserves where released into the atmosphere we
still would not get back to those levels.
Fuel Fix Blog: The Marcellus region is now the biggest natural gas shale play in the world, and there's
still about $ 90 billion to be made by tapping the area's
reserves, according to a study by energy analyst group Wood Mackenzie.
And the third issue is that fossil
fuel companies
still invest, on the order of half a trillion dollars a year in developing new
reserves.
We have an agreement between every country in the world to have a dramatic shift away from the use of fossil
fuels, and yet
still fossil
fuel companies dominate our stock exchanges, and on the basis that they're going to utilise all of the assets, all of those oil and gas
reserves, which we absolutely can't burn.