More good news for the oil and gas industry. Ambrose Evans-Pritchard in the Telegraph spells out what the new nations' emissions targets will be and the new "plutocrats" who will gain from government investment in renewable energy. See End of Fossil Era
Somehow, these limits will cap the temperature rise at 2 degrees C. How world energy demands will be met with oil production at 72 M barrels per day I have no idea. This will be the death knell of oil majors.
The real intended outcome has nothing to do with the climate, but with the government controlling more and more industry and development, and more tax money going to select interests. And this coming from an American President.
Agreement will not be a treaty. But it doesn't matter to us, because the feds will enforce this by its expansive definition of Clean Air Act legislation and the EPA. The Democracy gets no say in this.
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