At least three projects have received government approval and are to be carried out over the next three years. Fifty more are known to be in the works.
While Iâm privy to dishing out good news on Fridays, itâs pretty hard to ignore the revelation that the UK government has considered at least 50 new fossil fuel schemes since hosting COP26 last November.
As world leaders spent a week making false promises to stave off global heating during the week-long climate summit, the fossil fuel industry was working to secure the worldwide expansion of its business ventures.
The Guardian revealed last week that the industry has been quietly planning 195 oil and gas projects, despite serious and obvious indications that the climate crisis is worsening globally.
These projects, labelled âmultibillion-dollar bets against humanity halting global heatingâ, would be responsible for emitting at least 1 billion tonnes of CO2 from start to finish. Thatâs more than China, the worldâs biggest CO2 polluter, emits over the course of a decade.
A number of these have already gotten started in the UK after gaining approval from the government. At the beginning of this year, the Abigail oil and gas field was given the go ahead off the east coast of Scotland.
Travelling 450 miles down the nation, South Wales was granted an extended licence to mine 40 million tonnes of coal. Just weeks later, plans to expand oil production in several areas across England were also approved. Â Thanks a lot, Boris.
The information outlined in The Guardianâs report is particularly concerning. It projects that the worldâs largest oil companies are on track to spend a collective $103 million on ventures every day for the next decade.
What is this unimaginable sum of money going towards? Good question.
That money is going towards âcarbon bombsâ, or rather a coal, oil, or fossil gas project that has the potential to emit more than a gigaton of CO2.
And while this is ringing serious alarm bells for scientists, activists, and anyone with a basic understanding of how climate change works, it appears those in charge â and those who stand to profit financially â simply do not care.
Since 2011, scientists in the field of climate research warned that fossil fuels must stay in the ground in order to prevent global heating. They warned again in 2015 that at least 75 percent of the worldâs reserves should stay in the ground to avoid âthe worst effects of climate changeâ.
But it has become ever more clear that companies are prioritising their own financial gain over humanityâs wellbeing. BPâs boss even publicly described the company as a âcash machineâ in light of recent price increases.
The abandonment of Russian energy due to the war in Ukraine has only vamped up national governmentâs justification for looking to tap into fossil fuels on home soil.
âAs Putin continues to use gas as a geopolitical weapon, we make no apology whatsoever for sourcing more of the oil and gas Britain needs from within our own territorial waters,â said a government spokesperson.
Itâs difficult to imagine who â or what â will be able to stop it all from happening.
Iâm Jessica (She/Her). Originally from Bermuda, I moved to London to get a Masterâs degree in Media & Communications and now write for Thred to spread the word about positive social change, specifically ocean health and marine conservation. You can also find me dipping my toes into other subjects like pop culture, health, wellness, style, and beauty. Â Follow me on Twitter, LinkedIn and drop me some ideas/feedback via email.
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