Can OPEC Rescue the Planet? ...Middle East

“In less than 100 years,” Mohammad Reza Pahlavi, the shah of Iran, told The New Republic in 1973, “this oil business will be finished.” Today, we face a different type of reckoning. Oil won’t run out anytime soon. But time could.According to the U.N. Environment Program, the world is now on track to produce 50 percent more fossil fuels than would be consistent with capping global warming at a disastrous 2 degrees Celsius—and 120 percent more than the limits required to keep warming to a barely more tolerable 1.5 degrees Celsius. In order to avert catastrophe, fossil fuel production must decline rapidly over the coming decade. Instead, it’s on track to rise by 2 percent annually. The internat

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Can OPEC Rescue the Planet? ...Middle East

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