CIEL | Oil, Gas and Climate: An Analysis of Oil and Gas Industry Plans for Expansion and Compatibility with Global Emission Limits


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In terms of the global threat, three different metrics are summarized:
1. The investment the oil and gas industry intends to sink into developing new oil and gas fields and shale wells
between 2020 and 2024, which creates a carbon lock-in effect out to 2050;
2. The new production that would result from these expansion projects; and
3. The total cumulative carbon dioxide emissions that new financial investment decisions made over the next five years could unlock in coming decades.

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