IEA
Climate love
Climate love
CHRIS NGATIA
60 w
Companies still investing too much in fossil fuels,
Fossil fuel companies are investing twice as much in oil and gas as they should if the world hopes to limit rising global temperatures to avert a climate catastrophe, according to the International Energy Agency (IEA).
The world’s energy watchdog said that the sector still had “minimal” engagement with the global clean energy transition, and continued to contribute just 1% of clean energy investment globally.
https://www.theguardian.com/business/2023/nov/23/companies-still-investing-too-much-in-fossil-fuels-global-energy-watchdog-says
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58 w
Good job from this companies
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60 w
This is absurd having them contribute to 1% on clean energy sounds like a joke.
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Investing in clean energy would be the right way.
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This is because,they are only interested in making profits!
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This is a great Eye opener. Thanks to IEA
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@walter_lungayi they deserve an appreciation.
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A good one by the IEA
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Dear CHRIS NGATIA Your climate love has received over 50 agrees! We have reached out to IEA by email and requested a response. I will keep you updated on any progress! To reach more people and increase the chance of a response, click the Share button above to share the review on your social accounts. For every new member that joins We Don't Have Time from your network, we will plant a tree and attribute it to you! /Adam, We Don't Have Time
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This is incredibly wrong
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@Kevin exactly and totally wrong
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@Kevin The investment should instead be in renewable energy
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Companies need to shun away from investing in life threatening commodities.
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@rashid_kamau ecoside law must be taken into consideration
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@rashid_kamau Fossil fuels will never be of help,instead it will continue causing more havoc than expected.
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It's important to convey that the global trajectory is moving towards a future where reliance on fossil fuels will diminish.
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@princess_nel_268 yes this is brilliant idea
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@princess_nel_268 With the steady efforts conveyed we shall soon cease fossil fuels reliance.
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The report from the International Energy Agency (IEA) underscores a concerning trend in the energy sector. The revelation that fossil fuel companies are investing twice as much in oil and gas as is compatible with efforts to limit global temperature increases raises significant alarms. The minimal engagement with the global clean energy transition and the mere 1% contribution to clean energy investment highlight the industry's slow progress in aligning with climate goals.
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@rukia_ahmed_abdi Absolutely, encouraging fossil fuel companies to invest more in clean energies is crucial for a sustainable future.
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@rukia_ahmed_abdi Investing in clean energy is a way to solve the challenge
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@princess_nel_268 Yes, renewables are the key to green, secure and affordable energy.
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IEA should be exposed all sort of companies to the public so that we can get swift action against them our environment is safe when everyone is involved
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@rotich_kim this is a valid point.
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@rotich_kim A safe and clean environment is one in which the people has the freedom to pursue.
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I wish they could invest more on clean energies, but let them know very soon fossil fuel will be a thing of the past
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@elizbeth_gathigia absolutely, embracing clean energy now not only aligns with environmental responsibility but also positions companies for long-term success in an evolving energy landscape.
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@elizbeth_gathigia it's my wish too
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@elizbeth_gathigia Definitely,fossil fuels existence should completely be a story of the past.
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@elizbeth_gathigia right now those investing in fossil fuels are crazed by possible profit.
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Thanks IEA for highlighting this,they should be exposed and stop investing in fossils
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@rosebellendiritu exactly