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Commodities Briefing - Categorized | Energy, Market Moves more

Energy industry told to face reality of global warming

Posted on 04 April 2014

The UN’s top climate change official has issued an unusually blunt message to the oil and gas industry that it must radically overhaul its business model to meet the realities of global warming.
Three quarters of fossil fuel reserves need to stay in the ground if the world is to stop global temperatures rising beyond the internationally agreed limit of 2 degree Celsius, said Christiana Figueres, executive secretary of the UN Framework Convention on Climate Change………………………………Full Article: Source


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