WASHINGTON POST • November 3, 2022
The U.N. climate summit in Glasgow last year ended with a resounding repudiation of fossil fuels, with countries including the United States signaling that it would be a costly mistake to move forward with big new oil, gas and coal projects. The mounting calls to limit investment in such ventures seemed to resonate: Many major projects had stalled, struggling to line up financing as the world looked toward a future of cleaner energy. But a year later, the fossil fuel industry is experiencing a remarkable rebound, with sudden momentum behind more than 80 projects that range from coal-fired power plants to hulking gas export terminals, many of which could lock the world into decades of new greenhouse gas emissions.