Extract from Scottish Parliament debate on Climate Emergency - Jun 26

Patrick Harvie (Glasgow) (Green): ...There was a time when the world could have made the transition slowly, but that time was decades ago; we are long past that point now. By most estimates, around two thirds of oil and gas reserves must stay in the ground. That means that investment in fossil fuel supply must decline dramatically now and in the years ahead. What are the fossil fuel giants doing now, however? They have generated truly vast profits. BP's profits were nearly $28 billion in 2022 and nearly $14 billion the year after. Shell raked in $40 billion and $28 billion in the same years. Yet both companies' investment in clean energy has flatlined, and both have doubled down on new fossil fuel investment...

To read the whole debate, Shell