The oil and gas industry will need to scale back much faster to limit warming to 1.5oC

If global temperature increase is to be limited to 1.5oC, CO2 emissions must reach net zero in 2050, if not sooner. Consumption of oil must begin to fall in the next few years and fall substantially thereafter – far from the gentle plateauing expected by many in the industry. Gas consumption, considered by the industry to be a “growth engine”, must [...]