15 June 2021
Every fossil fuel company in the world is struggling to cope with climate change. Not the actual, real-world phenomenon, which they’re actively worsening – but the social, cultural and economic changes that arise as we try to undo the damage.
Recently, the International Energy Agency put out a report that examined what’s required to reach net zero emissions in energy by the year 2050. Unsurprisingly, that included ending exploration for new coal, oil and gas: existing mining operations already supply enough to meet demand as it rapidly declines, in a net zero scenario. It was well known prior, but the IEA taking this position was a significant moment.