“It’s not just Exxon. This is industry-wide knowledge of the fact that the fossil fuel industry’s products were going to cause climate change, and that was going to have damaging side effects for the world.”
It appears it’s just cutting its losses on money-losing endeavors like fracking in America, tar sands oil production in Canada, and frontier exploration by U.K. companies in Africa and South-East Asia.
After months of protest, the government scaled back its plans – at least temporarily.
New oil and gas development "will impede the rest of the world's ability to manage a climate-safe, equitable decline of oil and gas production."
Yet governments around the world, the same ones which ratified the Paris Agreement, are supporting oil and gas companies as they seek to greatly widen fracking's global footprint.
“Today much is being discovered about the history of fossil fuel producers, their knowledge of climate science, and their promulgation of disinformation to the public and policymakers.”
Experts warn that the rush for new oil and gas drilling in 2018 will have consequences for the climate, but there are ways to slow it down – or even stop it.
Oil trains will continue to derail and cause large fires and spills.
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