New fossil investment far exceeds Paris Climate goals: Carbon Tracker
13 Dec 2022

The world’s biggest fossil companies, many of them operating in Canada, approved new oil and gas projects in 2021 and early 2022 that will blow through a 1.5°C limit on average global warming, according to new analysis released late last week by the Carbon Tracker Initiative.
The results show that investors “cannot credibly own financial interests in companies that continue to invest in new conventional oil and gas projects” if they want their holdings to align with a 1.5°C climate future, the London, UK-based think tank concludes in its 43-page report, titled Paris Maligned.
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