Big Oil’s ‘monster profits’ and climate rollbacks

Big Oil’s ‘monster profits’ and climate rollbacks

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  • Episode
    • 1170
  • Published
    • 16. feb. 2023
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Episode
1170 of 1980
Længde
26M
Sprog
Engelsk
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Fakta

Last week, United Nations Secretary-General António Guterres called out oil companies for raking in “monster profits” and expanding production instead of focusing on renewable energy.

2022 was a record-breaking year for oil producers. According to the International Energy Agency, global gas and oil profits went from a recent average of $1.5 trillion to four trillion dollars last year alone. And in the wake of those profits many oil companies are walking back on climate-friendly pledges.

Today on Front Burner, we’ll be talking about why Big Oil is raking in so much cash, how long a fossil fuel resurgence could really last.

Geoff Dembicki is an investigative climate reporter who has been following this closely for DeSmog and the author of The Petroleum Papers.


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