This report demonstrates how oil & gas majors are going full bore with future speculation on extraction sites and infrastructure. Raising capital for this "fossil fuel future" will blow us past a 1.5C Paris Agreement and a safe future for our grandchildren. We have ample data showing that we have reached our capacity of carbon output for this century with the wells already drilled. This report shows existing wells will actually bring us to 1.8C. KEEP IT IN THE GROUND!!!
"Overinvestment in oil and gas creates risks for investors, regardless of whether the world is effective in tackling climate change. Either investors face assets being stranded as demand for fossil fuels falls in a transition to a low carbon economy, or the overinvestment contributes to excess emissions from fossil fuels, the failure to transition and the financial costs of a dramatically changed climate."
"Overinvestment in oil and gas creates risks for investors, regardless of whether the world is effective in tackling climate change. Either investors face assets being stranded as demand for fossil fuels falls in a transition to a low carbon economy, or the overinvestment contributes to excess emissions from fossil fuels, the failure to transition and the financial costs of a dramatically changed climate."
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