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Oil and Gas Producers are Setting Us on a Course for Severe Climate Change Disruption

The oil and gas industry intends to invest an estimated $4.9 trillion over the next 10 years to explore for and extract oil and gas from new fields. An analysis from Global Witness concludes that we can’t afford any production from new oil and gas fields, much less new fields, if we’re to meet the U.N. Paris Climate Agreement goals and avoid moving beyond a critical climate change tipping point.