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Is oil and gas exploration at an end?

We have already found more hydrocarbons than we can consume if the world is to keep emissions below the danger level—but global oil demand continues to rise

By Nick Butler  

Photo: Dennis Cox / Alamy Stock Photo

The International Energy Agency’s assertion that all exploration for oil and gas should end immediately moved the climate debate to a new and crucial stage. In the last two years, the issue has moved from street protest to the long-term aspirations of governments and companies. Now we are getting to the hard detail. The question is whether the ambitious commitments to net zero by 2050, made by more than 100 countries across the world, can really be translated into reality.

The IEA is in some ways a surprising vehicle for the sharp message delivered last week. The Agency…

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