Back in 2021, the world’s most influential energy watchdog, the International Energy Agency, said there was no room for new oil and gas expansion anywhere in the world if the global energy system is to reach net-zero by 2050.

A study published in Nature in 2021 estimated that 60% of oil and gas reserves must remain in the ground if the world is to have half a chance of limiting global warming to 1.5C above pre-industrial levels, the ambition of the Paris Agreement.

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