Wednesday, January 16, 2019

New U.S. Oil and Gas Drilling to Unleash 1,000 Coal Plants’ Worth of Pollution by 2050

The great American fracking boom threatens to undermine efforts to avoid climate catastrophe in this century.


A contractor works on a drilling site in the Permian Basin, a massive field stretching from Texas to New Mexico. (Credit: Bloomberg via Getty Images) Click to Enlarge.
Amid mounting calls to phase out fossil fuels in the face of rapidly worsening climate change, the United States is ramping up oil and gas drilling faster than any other country, threatening to add 1,000 coal plants’ worth of planet-warming gases by the middle of the century, according to a report released Wednesday. 

By 2030, the U.S. is on track to produce 60 percent of the world’s new oil and gas supply, an expansion at least four times larger than in any other country.  By 2050, the country’s newly tapped reserves are projected to spew 120 billion metric tons of carbon dioxide emissions into the atmosphere.

That would make it nearly impossible to keep global warming within the 2.3 degrees Fahrenheit above pre-industrial averages, beyond which United Nations scientists forecast climate change to be catastrophic, with upward of $54 trillion in damages. 

The findings ― from a report authored by the nonprofit Oil Change International and endorsed by researchers at more than a dozen environmental groups ― are based on industry projections collected by the data service Rystad Energy and compared with climate models used by the United Nations’ Intergovernmental Panel on Climate Change (IPCC), the world’s leading climate research body.

Read more at New U.S. Oil and Gas Drilling to Unleash 1,000 Coal Plants’ Worth of Pollution by 2050

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