Suddenly, Oil Companies Are Upbeat Again

Exactly a week after a major scientific report warned of accelerating climate impacts driven mainly by the combustion of fossil fuels, and 10 days into the Russian invasion of Ukraine, the titans of the global oil and gas industry gathered for their annual conference, known as CERAWeek, in Houston. The war in Ukraine has supercharged the proceedings. Oil and gas producers who are not Russian are suddenly feeling very good about themselves. If the focus of CERAWeek was once to be on transitioning away from oil and gas, the conference this week focused on ensuring oil and gas supply.

By Somini Sengupta. New York Times/Climate Forward. March 8, 2022.

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