I've been following the development of the "Global Registry of Fossil Fuels" (1st database of emissions from production and reserves)
It's now here and it's awesome: we can transparently hold fossil fuel powers accountable for their contribution to fueling the #ClimateCrisis
🧵
It's now here and it's awesome: we can transparently hold fossil fuel powers accountable for their contribution to fueling the #ClimateCrisis
🧵
It shows that Big Oil want to fry us all: their oil & gas reserves - all of which they want to extract and sell- would yield 3.5 trillion tons of emissions, over 7 times the remaining carbon budget for 1.5C and more than all emissions produced since the industrial revolution
2/n
2/n
The Registry is innovative and trailblazing. Did you know for example that the Paris Agreement does not even mention fossil fuel production, despite the fact that such fuels account for over 75% of global greenhouse gas emissions?
3/n
3/n
The Global Registry of Fossil Fuels allows everyone, including policymakers, to have asset-level data to manage the phase-out of oil & gas, which the @IEA agrees is urgent and a must. It also allows markets to predict which assets are likely to become stranded (hint: many)
4/n
4/n
The Global Registry of Fossil Fuels covers 50,000 oil & gas fields in 89 countries, including world's most potent source of emissions, the Ghawar oil field in Saudi Arabia, which alone produces 525 million tons of carbon emissions each year (12 times Singapore's emissions)
5/n
5/n
No project, producer, Big Oil company (private or state-owned) can hide in obscurity anymore
6/n
6/n
So very well done @CarbonBubble , @CampanaleMark and @fossiltreaty, thank you
END
fossilfuelregistry.org
END
fossilfuelregistry.org
• • •
Missing some Tweet in this thread? You can try to
force a refresh
