The Paris Agreement is a legally binding international treaty on climate change. It was adopted by 196 Parties at COP 21 in Paris, on 12 December 2015 and entered into force on 4 November 2016. Its goal is to limit global warming to well below 2, preferably to 1.5 degrees Celsius, compared to pre-industrial levels.
President Biden Cancelled Keystone XL pipeline followed by Nord Stream 2 pipe line. As a result of it, and the Sanctions imposed on Russia, maintenance of Nord Stream 1 became huge problem. Natural Gas prices jumped five folds. Oil Prices quadrupled.
President Biden, to prepare for the coming election, skipped Climate change, released 180 Millions barrel of oil from central reserve after releasing of 50 million Barrells earlier. The President appears torned apart between his "no more drilling Keddo" to we are loosing the power this November. What to do, what to do? Just a "Delema."
No comments:
Post a Comment