oil industry: Or so you might imagine, if you follow the technology news, according to The Guardian. So how come oil production, for the first time in history, is about to hit 100m barrels a day How come the oil industry expects demand to climb until the 2030s How is it that in Germany, whose energy transition Energiewende was supposed to be a model for the world, protesters are being beaten up by police as they try to defend the 12,000-year-old Hambacher forest from an opencast mine extracting lignite the dirtiest form of coal Why have investments in Canadian tar sands the dirtiest source of oil doubled in a year The answer is, growth. We can now leave fossil fuels in the ground and thwart climate breakdown. There may be more electric vehicles on the world's roads, but there are also more internal combustion engines. It doesn't matter how many good things we do preventing climate breakdown means ceasing to do bad things. There be more bicycles, but there are also more planes.
(news.financializer.com). As
reported in the news.
Tagged under oil industry, technology news topics.