Companies still investing too much in fossil fuels, global energy watchdog says
by Jillian Ambrose from Environment | The Guardian on (#6GKFH)
Head of International Energy Agency says the industry faces a moment of truth' as Cop28 talks approach
Fossil fuel companies are investing twice as much in oil and gas as they should if the world hopes to limit rising global temperatures to avert a climate catastrophe, according to the International Energy Agency (IEA).
The world's energy watchdog said that the sector still had minimal" engagement with the global clean energy transition, and continued to contribute just 1% of clean energy investment globally.
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