#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 latest developments in green energy in the hope that at some point the penny finally drops with those who dictate our energy sources.

Click on the graphic for an expanded view. And weep.

Solar, wind, tidal - so many natural alternatives
Solar, wind, tidal – so many natural alternatives

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s