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🛢 Geopolitical Crises Trigger Oil Price Spikes. That's Bad For The Climate In this latest article Justin Worland from TIME unpacks what spiking oil prices mean for the climate. As he writes: "Conflict in oil-rich regions and involving oil-rich states feeds the view for many investors and policymakers that the world must accelerate oil and gas investments—and those investments, of course, pose risks for the climate. But it’s important not to lose sight of the long-term trend: we may need oil now, but as the International Energy Agency (IEA) forecast for the first time last month, fossil fuel demand will peak before 2030." Read more: https://lnkd.in/gmW5Kcqn