How much of the world’s oil needs to stay in the ground?

11 September 2021 0 By Bambam

Analysis shows future is bleak for fossil fuel industry with trillions of dollars of assets at stake

The vast majority of fossil fuel reserves owned today by countries and companies must remain in the ground if the climate crisis is to be ended, an analysis has found.

The research found 90% of coal and 60% of oil and gas reserves could not be extracted if there was to be even a 50% chance of keeping global heating below 1.5C, the temperature beyond which the worst climate impacts hit.

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