Carbon Bombs & Wall Street — A Deadly Duo
, defined as “oil and gas projects that would drive the climate past internationally agreed temperature limits with catastrophic global impacts.” It details the plans the fossil fuel industry has made to start of oil and gas projects that will produce greenhouse gases equivalent to a decade of CO2 emissions from China, which has the distinction of being the world’s biggest polluter at the present time.
The Middle East and Russia often attract the most attention in relation to future oil and gas production but the US, Canada and Australia are among the countries with the biggest expansion plans and the highest number of carbon bombs. They also give some of the world’s biggest subsidies for fossil fuelsleads it to conclude that the world’s largest fossil fuel companies “are in effect placing multi-billion dollar bets against humanity halting global heating.
In the final analysis, fossil fuels are stored sunshine from millions of years ago. Scientists often refer to what is known as the. Sunlight allows plants to grow and sequester carbon dioxide. When those plants die, the carbon stored in them is slowly returned to the soil and the atmosphere. Many people analogize the process to a bathtub. Some water comes in from the faucet and some water goes out the drain. As long as there is an equilibrium, everything is fine.
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