Why needless growth isn't needed : vimarsana.com

Why needless growth isn't needed


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"Stop investing in companies that explore for needless new drilling sites — they’re wasting their money and ours." That’s what Deborah Silvey, president of Fossil Free California, told the board of CalPERS, the largest U.S. public pension fund, at a meeting more than two years ago. It seems pretty prescient now.
I was reminded of that meeting this week as the International Energy Agency warned that we’re actually completely out of time for oil and gas exploration. In its landmark Net Zero report, the IEA said that there is still a path to limit global warming to 1.5 degrees Celsius and avert the worst effects of climate change, but to do so we have to cease oil and gas exploration immediately.

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