EPISODE · Feb 16, 2023 · 25 MIN
Big Oil’s ‘monster profits’ and climate rollbacks
from Front Burner
Last week, United Nations Secretary-General António Guterres called out oil companies for raking in “monster profits” and expanding production instead of focusing on renewable energy. 2022 was a record-breaking year for oil producers. According to the International Energy Agency, global gas and oil profits went from a recent average of $1.5 trillion to four trillion dollars last year alone. And in the wake of those profits many oil companies are walking back on climate-friendly pledges. Today on Front Burner, we’ll be talking about why Big Oil is raking in so much cash, how long a fossil fuel resurgence could really last. Geoff Dembicki is an investigative climate reporter who has been following this closely for DeSmog and the author of The Petroleum Papers.
What this episode covers
Last week, United Nations Secretary-General António Guterres called out oil companies for raking in “monster profits” and expanding production instead of focusing on renewable energy. 2022 was a record-breaking year for oil producers. According to the International Energy Agency, global gas and oil profits went from a recent average of $1.5 trillion to four trillion dollars last year alone. And in the wake of those profits many oil companies are walking back on climate-friendly pledges. Today on Front Burner, we’ll be talking about why Big Oil is raking in so much cash, how long a fossil fuel resurgence could really last. Geoff Dembicki is an investigative climate reporter who has been following this closely for DeSmog and the author of The Petroleum Papers.
NOW PLAYING
Big Oil’s ‘monster profits’ and climate rollbacks
No transcript for this episode yet
Similar Episodes
No similar episodes found.
Similar Podcasts
No similar podcasts found.