The IEA Sees The End Of Oil And Gas Investment (Sort Of)

The IEA Sees The End Of Oil And Gas Investment (Sort Of)

ESKISEHIR, TURKEY - JULY 24: A drone photo shows an aerial view of the Eti Mine Works. (Photo by Ali ... [+] Atmaca/Anadolu Agency via Getty Images) Blind people are now circling the elephant that is the IEA Net Zero 2050 report, some finding a beautiful tree, others a slimy snake. The coverage of this report is an excellent example of 'where you sit determines where you stand' with climate change advocates hailing "IEA's net zero emissions by 2050 maps the huge increase in global ambition," while Upstream online, a paper devoted to petroleum exploration and development, instead says "IEA plans for net zero emissions by 2050 gets chilly response." The report is chock full of analysis and policy prescriptions, but what will no doubt catch the eye of many is the statement, "Beyond projects already committed as of 2021, there are no new oil and gas fields approved for development in our pathway…." Compared to the false claims that the Biden Administration wants to end meat consumption, this is beyond bold and will lead to many headlines (but minimal serious analysis). Those calling for an end to fossil fuel investment and use will no doubt consider themselves vindicated by