• 2 minutes Oil prices going down
  • 11 minutes China & India in talks to form anti-OPEC
  • 16 minutes When will oil demand start declining due to EVs?
  • 32 mins Oil prices going down
  • 6 hours We Need A Lasting Solution To The Lies Told By Big Oil and API
  • 6 hours Another WTH? Example of Cheap Renewables
  • 1 day Trump Hits China With Tariffs On $50 Billion Of Goods
  • 2 days Bullish and bearish outlook for oil
  • 2 days Rolls Royce shedding 4,600 jobs
  • 3 days After Trump-KJU, Trump-Putin Summit
  • 3 hours What If Canada Had Wind and Not Oilsands?
  • 2 days When will oil demand start declining due to EVs?
  • 1 day Russia's Rosneft 'Comfortable' With $70-$80 Oil Ahead of OPEC Talks
  • 6 hours The Wonderful U.S. Oil Trade Deficit with Canada
  • 10 hours China & India in talks to form anti-OPEC
  • 3 days U.S. Cars Will No Longer Need 55mpg Fuel Efficiency By 2025.
  • 5 hours The Permian Mystery
  • 3 days Epic Fail as Solar Crashes and Wind Refuses to Blow
  • 2 days OPEC soap opera daily update
Rig Count Falters Amid Oil Price Correction

Rig Count Falters Amid Oil Price Correction

The rig count slipped on…

Is This The Most Contentious OPEC Meeting Yet?

Is This The Most Contentious OPEC Meeting Yet?

OPEC’s members have been divided…

James Burgess

James Burgess

James Burgess studied Business Management at the University of Nottingham. He has worked in property development, chartered surveying, marketing, law, and accounts. He has also…

More Info

CO2 Levels Rise to Over 400ppm, The Highest in Several Million Years

CO2 monitoring stations in Hawaii have just recorded some rather disturbing data. For the first time since humans starting walking the Earth, the concentration of carbon dioxide in the atmosphere has passed 400 parts per million (ppm); levels not seen in several million years, when the Arctic was completely ice free and seal levels were 40 metres higher.

Despite constant warnings from scientists, and supposed efforts from governments to reduce carbon emissions, around the world those emissions have just continued to soar.

Professor Ralph Keeling, who oversees the measurements from Hawaii, stated that this news “is symbolic, a point to pause and think about where we have been and where we are going. It's like turning 50: it's a wake up to what has been building up in front of us all along.”

Related article: Politics Still Rules the Climate Change Debate in the US

Professor Rajendra Pachauri, the chair of the Intergovernmental Panel on climate change, said that “the passing of this milestone is a significant reminder of the rapid rate at which – and the extent to which – we have increased the concentration of greenhouse gases in the atmosphere. At the beginning of industrialisation the concentration of CO2 was just 280ppm. We must hope that the world crossing this milestone will bring about awareness of the scientific reality of climate change and how human society should deal with the challenge.”

Governments from around the world agreed to keep global average temperature rise to less than two degrees Celsius in order to avoid irreversible damage to the planet, however at this rate the IEA has warned that the world is on track to warm by six degrees.

By. James Burgess of Oilprice.com



Join the discussion | Back to homepage

Leave a comment

Leave a comment

Oilprice - The No. 1 Source for Oil & Energy News