Climate crisis has not stopped the quest for oil

Feeling the effects of the climate crisis are intensifying, it’s worth repeating this summer with wildfires CaliforniaDrought American West And intense heat waves Europe..
Looking for more oil in Africa. Instead of cutting oil production, the world seems to be moving in the opposite direction. As the New York Times reported on Sunday, the Democratic Republic of Congo, home to rainforests and peatlands that help control climate change, is now New destination for oil investment By auctioning the land for excavation.
The report is from CNN Detailed appearance Last year, Canadian company Recon Africa worked to develop what could be considered a huge oil field with the potential to hold 12 billion barrels of oil in Namibia.

CNN’s David McKenzie and Ingrid Formanek pointed out a painful irony. Namibia, which does not currently have a meaningful oil and gas industry like its neighbors, is experiencing the harsh effects of climate change. It warms faster than the rest of the globe, endangering agriculture.

A fairer share. Namibia, Botswana and Congo, of course, want to enjoy the same benefits from their lands that Western nations have become wealthy.

A South African oil industry consultant and former oil executive said in a CNN report last year. “If you are sitting in Africa, your incentives are very different.”

The Times has identified similar feelings in Congo. The auction highlights the dual standards that many political leaders across the African continent have called for. Western nations that have flourished with fossil fuels that emit toxic, earth-warming smoke, gas in Africa to protect coal, oil, and everyone else?

Toshi Mupanu Mupanu, Congo’s top climate official, told the Times that the country is focusing on saving Congo from poverty.

“Our priority is not to save the planet,” he said. He hopes Congo will be compensated by more developed countries to protect rainforests and flark, or by oil companies.

I’m still crazy. It’s frustratingly clear that the world’s oil addiction isn’t over yet.

Oil demand Continue to increaseRather than diminish as the country emerges from the Covid-19 pandemic.
A disruption in Russia’s supply of oil and gas to Europe-perhaps in the form of retaliation for sanctions on Russia by the invasion of Ukraine-is realistically possible. Drive Germany into its own recession..

As for Biden, his political future remains very closely related to people’s perceptions of the economy, which in turn Partially tied For gas prices.

The fall in gas prices was welcomed as good news. Gas prices are still high, but declining, a fact that the White House is sticking to because it claims the economy is better than people think.

Heather Boushey, a member of the White House Economic Advisory Board, told CNN’s Victor Blackwell on Monday: “In fact, the recent fall in gas prices has reduced typical drivers by about $ 35 this month. Probably. “

The administration has urged U.S. oil companies and foreign countries to increase production, and it is fighting environmental groups Rent new land For oil and gas development in the Gulf of Mexico and Wyoming.

Bad news about Biden’s climate agenda. West Virginia Democratic Senator Joe Manchin is stuck in Congress claiming that the United States cannot afford to spend more, at least at this time, to move the country from an oil-based economy. Manchin ignores the cost of doing nothing.

On the other hand, people think the economy is not very good. 64% of Americans feel that the economy is currently in recession. Recent CNN Poll..

As White House officials and Treasury Secretary Janet Yellen tell you, that perception is wrong. The official declaration of the recession is a non-governmental committee of eight members of the National Bureau of Economic Research.

Also, even if GDP data expected this week shows negative growth for the second straight quarter, the NBER Commission may not immediately declare a recession. Read the previous look How the Commission calls a recession.

Current US officials and their responders around the world agree that a climate crisis is taking place. They also seem to be united in recognizing the political reality that voters prefer cheaper energy.

Source: www.cnn.com

Leave a Reply

Your email address will not be published. Required fields are marked *

Bảie leveluplimo