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home / news releases / ARCH - Report Shows Governments Plan on Boosting Fossil Fuel Production Beyond Acceptable Limits


ARCH - Report Shows Governments Plan on Boosting Fossil Fuel Production Beyond Acceptable Limits

A report published earlier this month has revealed that governments across the world plan to boost their fossil fuel production capacity over environmentally acceptable limits. Despite global efforts to scale back fossil fuel use in a bid to combat climate change, the report found that governments are set to produce 110% more fossil fuels in 2030 than would be in line with curbing global warming to 1.5°C. Government plans for coal production by the end of the decade are also 69% more than would be consistent with an average warming of 2°C, the report noted.

This is despite the fact that more than 150 national governments have pledged to work toward achieving net-zero carbon emissions by...

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Stock Information

Company Name: Arch Coal Inc. Class A
Stock Symbol: ARCH
Market: NYSE
Website: archrsc.com

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