Gasoline tanker trucks drive down a road near the Marathon Petroleum Corp in El Paso Texas. The refinery has a crude oil refinery capacity of approximately 131,000 barrels per calendar day. Photo: AFP
Gasoline tanker trucks drive down a road near the Marathon Petroleum Corp in El Paso Texas. The refinery has a crude oil refinery capacity of approximately 131,000 barrels per calendar day. Photo: AFP

Climate crisis puts oil in the crosshairs, but dependence persists

  • There should be no new investment in fossil fuel projects if the world is to reach net-zero carbon emissions by 2050, IEA says
  • But amid talk of the end of hydrocarbons, oil demand is still expected to rise with rebounding crude prices giving producers the cash to pursue new projects

Topic |   Climate change
Gasoline tanker trucks drive down a road near the Marathon Petroleum Corp in El Paso Texas. The refinery has a crude oil refinery capacity of approximately 131,000 barrels per calendar day. Photo: AFP
Gasoline tanker trucks drive down a road near the Marathon Petroleum Corp in El Paso Texas. The refinery has a crude oil refinery capacity of approximately 131,000 barrels per calendar day. Photo: AFP
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