Sixty to 80 percent of the coal, oil and gas reserves of publicly listed companies need to stay in the ground if the planet is to have a decent shot of keeping global warming to less than 2 degrees C above pre-industrial levels, the limit agreed to by world leaders. Extending McKibben's analogy, coal is the moonshine of fossil fuels — cheap, dirty and extremely dangerous. Oil is an off-brand whiskey. Natural gas is Grey Goose vodka — clean, refined and widely unobjectionable. It should appeal to free-market libertarians and left-leaning environmentalists alike. That's received wisdom, anyway. In actuality, natural gas simply poses a different range of threats. Gas may be just as hazardous as oil and coal.
Sixty to 80 percent of the coal, oil and gas reserves of publicly listed companies need to stay in the ground if the planet is to have a decent shot of keeping global warming to less than 2 degrees C above pre-industrial levels, the limit agreed to by world leaders. Extending McKibben's analogy, coal is the moonshine of fossil fuels — cheap, dirty and extremely dangerous. Oil is an off-brand whiskey. Natural gas is Grey Goose vodka — clean, refined and widely unobjectionable. It should appeal to free-market libertarians and left-leaning environmentalists alike. That's received wisdom, anyway. In actuality, natural gas simply poses a different range of threats. Gas may be just as hazardous as oil and coal.
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