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Welcome back to your Tuesday Energy Source
The latest IPCC report is out and makes for some sobering reading. Despite some pockets of progress, greenhouse gas emissions were up six per cent last year and are expected to rise again this year — making the odds of limiting warming to 1.5C degrees increasingly small.
António Guterres, secretary-general of the United Nations, rang the alarm bells: “We are on a pathway to global warming of more than double the 1.5-degree limit agreed in Paris . . . Some government and business leaders are saying one thing, but doing another. Simply put, they are lying.”
In today’s newsletter, I have a note on America’s surging fuel demand. Record high pump prices aren’t causing people to cut back on driving, so far. Myles reports on the response to…