Investment in coal is stupid, and investment in the expansion of fossil fuel production must be stopped, said the secretary-general of the United Nations, Antonio Guterres, in an impassioned speech about climate goals and the failure to achieve them. Noting that global emissions increased last year by 6 percent, Guterres warned we were “sleepwalking to climate catastrophe,” as quoted by CNBC.
“As major economies pursue an ‘all-of-the-above’ strategy to replace Russian fossil fuels, short-term measures might create…Giant Oil Trader Vitol: Demand Gap Will Widen Over Next Few Years
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