Big Oil’s expected $5-trillion investment will blow past global climate goals

General, Energy - Quartz - Key Takeaway: *Big Oil is expected to spend $4.9 trillion over the next decade extracting oil and gas from existing fields and developing new ones, according to data from the consultancy Rystad Energy. Burning all those fossil fuels and releasing carbon dioxide into the atmosphere would mean blowing past the carbon budget available under the Paris climate agreement.*

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