Although scientists keep insisting that the planet needs to move away from its dependence on oil, gas and coal to effectively combat climate change, hydrocarbon development projects continue to emerge. Several countries, cities and NGOs are calling for a non-proliferation treaty on fossil fuels.
Within the next few years, multinational companies such as Qatar Energy, Gazprom, Saudi Aramco, ExxonMobil, Petrobras, Turkmengaz, TotalEnergies, Chevron and Shell are planning to open new gas and oil production sites. These projects alone could put a strain on the carbon budget available to limit the effects of global warming.
