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Giving Compass' Take:
· Even after environmental experts called for the reduction of fossil fuel to help the planet, Kate Wheeling at Pacific Standard explains that the U.S. will be increasing oil production in the coming years.
· How can funders help drive alternative energy?
· Learn more about climate change and the fossil fuel industry.
While most of the world's nations have come together in recent years to combat climate change, the United States is set to undermine their collective efforts with a massive expansion in fossil fuel production, according to a new report from the advocacy organization Oil Change International.
In signing and ratifying the Paris Agreement, over 180 countries around the world—including the U.S.—agreed to work to limit global warming to as close to 1.5 degrees Celsius as possible, and no more than two degrees. Research has shown that, to keep temperature increases below two degrees Celsius, the majority of fossil fuels still underground must stay there. And even two degrees of warming will be catastrophic for some parts of the world. The most recent report from the United Nations Intergovernmental Panel on Climate Change found that, compared to 1.5, two degrees would leave hundreds of millions more people susceptible to poverty and would exacerbate food insecurity, water scarcity, and lead to the irreversible loss of not just species but entire ecosystems.
In order to keep temperature increases to the more ambitious target of 1.5 degrees, experts agree that global carbon dioxide emissions need to be halved by roughly 2030. But over that same time period, the U.S. is set to expand oil and gas production more than any other nation on Earth.
Read the full article about US oil production by Kate Wheeling at Pacific Standard.