#Fossilfuelfree future still some way off, as G20 nations spend $88bn a year on exploration – an annotated infographic
Environmentalists, look away now or prepare to feel deep despair. The G20 group of leading global economies continue to spend about $88 billion each year on fossil fuel exploration, increasing the risk of “dangerous climate change”, according to a report by the Overseas Development Institute. The top 20 private oil and gas companies invested just $37 billion in exploration in 2013 – less than half of that being ploughed in annually by G20 governments – suggesting their exploration activities are highly dependent on public finance. So what’s up with all the green energy research? E&T news continues to track the … Continue reading #Fossilfuelfree future still some way off, as G20 nations spend $88bn a year on exploration – an annotated infographic
Engineering & Technology magazine 