Which Countries Are Suited To Oil Drill During A Climate Emergency? [Forbes]
Exxon Mobil Corporation (XOM)
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Source: Forbes
September 16, 2022. - Emerging as potential oil powers while the world seeks to wean itself off planet-warming fossil fuels, poverty-striken South American neighbors Guyana and Suriname say they have no choice but to cash in while they can. (Photo by Ranu Abhelakh / AFP) (Photo by RANU ABHELAKH/AFP via Getty Images) When the BBC questioned Guyana's president about his country's desire to drill for offshore oil, the reporter got an earful. The United Kingdom has a voracious oil appetite, while Guyana is a poor country with pristine rainforests that soak up the carbon emissions created by richer ones. Rainforest nations have low per capita incomes, and 29 are carbon-negative. They offer one step in the climate solution as we struggle to keep temperatures in check. Those countries would rather get fairly compensated for rainforest preservation, but they have been paid virtually nothing. Some countries, like Guyana, Suriname, and the Democratic Republic of the Congo, hold oil. Net-z
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- 4/22/24 - Form PX14A6G
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