The oil industry has succumbed to a dangerous new climate denialism

By Adi Imsirovic, Senior Research Fellow, Oxford Institute for Energy Studies, University of Surrey

If we have not been warned of the dangers of climate change this summer, we never will be. Extreme heat, forest fires and floods have been all over news reports. Yet the oil and gas industry remains largely in denial.

The International Energy Agency (IEA) says steep cuts in oil and gas production are necessary to reach the Paris (COP 21) goal of keeping global warming at 1.5℃. However, only a tiny fraction of the industry, accounting for less than 5% of oil and gas output, has targets aligned with the IEA’s…

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