Daily Management Review

Pope Addresses The Oil & Gas Giants To ‘Respect’ COP21 Deal


06/11/2018


It is disturbing to see the greenhouse emission levels still pointing high.



In order to protect the poor from the affects of global warming, Pope Francis urged the major gas and oil companies to respect the COP 21 agreement of 2015.
 
Adopted in December 2015, the Paris Climate Change Agreement was signed by “196 nations” in an attempt to contain the warming up of the temperature within “two degrees centigrade”. The Pope, however, held a meeting at the Vatican which was attended by industry leaders and executives, wherein Pope expressed his disturbed feelings as the CO2 and other greenhouse gas emission levels continue to “remain very high” following “two-and-a-half years” of the collective deal.
 
During the conference of “Energy Transition and Care for Our Common Home”, Francis said:
“Yet even more worrying is the continued search for new fossil fuel reserves, whereas the Paris Agreement clearly urged keeping most fossil fuels underground”.
“Civilization requires energy, but energy use must not destroy civilization!”
 
Officials from various major oil and gas industry representatives like “ExxonMobil, BP, Royal Dutch Shell and Norway's state oil company Equinor” met the Pope, while his papacy has held “climate change” as one of its “key themes”.
 
In 2015, the Pope dedicated his “second encyclical” to the said issue, wherein he address the situation as “one of the principal challenges facing humanity in our day”.
 
Imploring the industry to stop anticipating, Francis added that the poor will be at the disproportionate end to face the consequence of climate change. In his words:
“The effects of climate change are not evenly distributed. It is the poor who suffer most from the ravages of global warming, with increasing disruption in the agricultural sector, water insecurity, and exposure to severe weather events”.
“Many of those who can least afford it are already being forced to leave their homes and migrate to other places that may or may not prove welcoming.”
 
The President of the U.S, Donald Trump, however, has announced the exit of his country from the COP21 deal, whereby ExxonMobil too has stated that the company will raise the production of oil in the country, while initiating “dozens of projects” across the globe. As per estimation, one billion people still lack electricity access, while the “U.S. Energy Information Administration” informs that the demand in the electricity supply is likely to see a boost of 28% “between 2015 and 2040”.
 
References:
naharnet.com







Science & Technology

Airbus: Passenger hybrid aircraft to take off before 2035

Ocado To Introduce ‘Mini Robotic Warehouse’ With Standard Productivity

AB InBev’s Piled Up Alcohol Is ‘Too Good to Waste’

Ericsson Mobility forecasts nearly fourfold increase in mobile traffic by 2025

Elon Musk: We received 146,000 orders for Cybertruck

Google turns the screws on political ads

Apple to come up with AR glasses

WEF: Big data regulation becomes a problem

Israeli Firm Accused Of Spying By WhatsApp, Lawsuit Filed Against It

Google Used Quantum Computer To Solve Complex Problem

World Politics

World & Politics

Protests in France gain the greatest scale since 2010

Massive blackout unfolds in Venezuela

French And Russian Presidents To Discuss The Moratorium On Missiles In Europe

EU adopts budget for 2020, more funds allocated to climate change fight and innovation

Israeli prime minister indicted in three criminal cases

Argentina finds a way to pay off IMF loan

Sweden closes Assange rape inquiry

Has Chile Put All Its Eggs In One Basket To Turn Towards Renewable Energy?