350.org statement on US-China formally joining Paris Agreement
On the expected announcement by US President Barack Obama and Chinese President Xi Jinping officially joining last year’s Paris agreement, May Boeve Executive Director of 350.org issued the following statement: “The Paris Agreement could be the next nail in the coffin of the fossil fuel industry if governments actually follow through on their commitments. The only way to reach the 1.5° or 2.0°C targets is by keeping coal, oil and gas in the ground. While it’s not everything we hoped for, the implementation of the Paris Agreement will radically remake the energy sector. The US-China announcement serves as another warning bell for investors to take climate risk seriously and divest from fossil fuel companies. ….