Oil and gas companies undermining climate goals, says report
by Jillian Ambrose from Environment | The Guardian on (#4PQ15)
Biggest fossil fuel extractors warned they risk wasting $2.2tn 'in a low-carbon world'
Major oil and gas companies have invested $50bn (40.6bn) in fossil fuel projects that undermine global efforts to avert a runaway climate crisis, according to a report.
Since the start of last year, fossil fuel companies have spent billions on high-cost plans to extract oil and gas from tar sands, deepwater fields and the Arctic despite the risks to the climate and shareholder returns.
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