Ten of the world’s biggest oil companies have come together to announce a $1bn fund for cutting climate change impact from oil and gas. The fund is part of the Paris climate change agreement and will focus on reducing leaks of natural gas while looking into technology that will effectively capture and store carbon emissions. $1bn sounds like a lot, but environmentalists say the money is not nearly enough to accomplish the enormous task of limiting emissions from gas and oil. Real climate action means leaving oil and gas in the ground where it belongs.
World’s largest oil firms launch green fund to cut climate impact fossil fuels
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