While Talking up Climate Action, Oil Majors Eye Argentina's Shale Reserves
DeSmog Dec 19, 2019 @ 15:43 Even as international climate negotiators tried to make progress at the UN climate summit in Madrid in early December, fossil fuel production and consumption has continued to rise, and major oil companies have been seeking new horizons to exploit. The industry is not slowing down, even in the face of the worsening climate crisis. Although many oil companies signed on to the Paris Climate Agreement, they have simultaneously poured $50 billion into projects since 2018 that are not aligned with climate targets. The industry also has plans to invest $1.4 trillion in n...