A surge in new oil and gas production in 2024 threatens to unleash nearly 12bn tonnes of planet-heating emissions, with the world’s wealthiest countries – such as the US and the UK – leading a stampede of fossil fuel expansion in spite of their climate commitments, new data shared exclusively with the Guardian reveals.
The new oil and gas field licences forecast to be awarded across the world this year are on track to generate the highest level of emissions since those issued in 2018, as heatwaves, wildfires, drought and floods cause death and destruction globally, according to analysis of industry data by the International Institute for Sustainable Development (IISD).
The 11.9bn tonnes of greenhouse gas emissions – which is roughly the same as China’s annual carbon pollution – resulting over their lifetime from all current and upcoming oil and gas fields forecast to be licensed by the end of 2024 would be greater than the past four years combined. The projection includes licences awarded as of June 2024, as well as the oil and gas blocks open for bidding, under evaluation or planned.
Meanwhile, fossil fuel firms are ploughing more money into developing new oil and gas sites than at any time since the 2015 Paris climate deal, when the world’s governments agreed to take steps to cut emissions and curb global heating.
The world’s wealthiest countries are economically best placed – and obliged under the Paris accords – to lead the transition away from fossil fuels to cleaner energy sources. But these high-capacity countries with a low economic dependence on fossil fuels are spearheading the latest drilling frenzy despite dwindling easy-to-reach reserves, handing out 825 new licences in 2023, the largest number since records began.
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“Your hair’s gotten longer.”
It’s conscious effort that keeps him from tucking the strands behind his ear, from taking the knife at his hip and shearing it all off. He keeps his stance focused, attentive, there’s little else he can do when he’s taken so completely after his mother when it comes to his hair. His father scratches his chin, the clouds of his beard snaking about his finger like mist parting for mountain-peaks. Ares’ chin is still child-smooth. He can feel the tickle of his over-long fringe against his soft jaw. There’s no heart in his chest, but still he feels as though a pulse is lodged in his throat.
Father sighs, put-upon, disappointed, and Ares feels a slight tremor start in his calves from holding himself so tense. “Well done, Ares. Go clean yourself up and get some rest. Phoebus will want to look you over later.”
He should be ecstatic to be praised by his father. Over-the-moon with joy. There should be pride emanating from every pore of his body, the blood on his skin should be sweeter than ambrosia.
Instead, he bows, manages a soft ‘thank you, Father’ around the lump in his throat and immediately flees the room. A mild ‘make sure to trim your hair’ hits the back of his head like a spear through the skull. He almost wishes the great door had slammed on his foot so he would have reason to feel this horrid in his retreat.
Phoebus Apollo is waiting for him in his infirmary.
He’s gilded as ever, gold from crown to heel. Perfect like the statues they carve of him in his temples. He has a smile for Ares when he sees him, a crinkle at the edges of his pretty eyes from the weight of his joy. Ares is waiting to see the crack in the marble, to see if that’s the chip that’ll reveal his fangs.
“Brother,” he greets, and his voice is warm - like the arms that embrace him, his voice is so warm, “Welcome back. I’ve heard you’ve done well.”
There’s a tremble in Ares’ fingers he hadn’t noticed before. Strain from carrying his sword for so many days, a throb from wounds he hadn’t noticed he’d accrued. “Heard? There’s already gossip?”
Phoebus blinks, disarming, demure, coquettish, “But of course,” and Phoebus’ voice is honey to Ares’ gravel, the juxtaposition is grating on his skin, “It’s Olympus. The gossip began long before you set your course.” Those warm hands lead him further into the room, bodily sits him on the chaise, pulls his helmet from his head. It’s all one, unbroken motion, “It’s summer alas, so I could not watch your war myself, but I hear it was quite the decisive victory.”
A thousand thoughts run on horseback through his mind then.
Did Father overhear some terrible slander that pre-emptively disappointed him? Was Ares’ victory merely a rumour, a bet his father hadn’t bothered to take? Was the gossip more enticing than the stark truth? That Ares wasn’t some child toddling about in the shadow of his sister, that his sword and spear weren’t merely for show - he’d think such a thing would warrant celebration. Not -
“Oh my,” Phoebus is in front of him, pleasant warmth more sticky heat with how close he’s pressed himself into Ares’ space. From this angle, Ares can see the multi-coloured flecks of his eyes, like shards of golden glass suspended in ichor. From this angle, with his hand so gently holding his hair, were Ares to blink too hard, he’d swear Phoebus looked just like his mother. “Your hair’s grown long again.”
He pushes Phoebus off with such force that he bangs into the wall. It’s Phoebus, it won’t make even the impression of a scratch on him, but Ares wishes it would. Wishes he’d hit his shoulder or crack his neck or hit his head just hard enough for all that perfect, gilded gold to bleed.
“I’m only here for you to heal me,” the tremble in his hand extends to his shoulder now. He flexes and unflexes his palm. Gods what he would give to just have a sword - “Don’t waste time with the pleasant-work.”
Phoebus huffs, adjusts the fit of his himation, “...Only because we’re meant to be celebrating your victory.” He crosses the room in two great strides, his hair a swirling tempest behind him as he gathers his poultices and wraps. “The only reason I’ll not throw you from the window is because we are meant to be celebrating your victory.”
There’s not enough acid in his tone for this to truly be a fight. Ares’ jaw clenches, he bites out a terse, “How benevolent.”
“Aren’t I?” He’s got nectar and his sutures in hand, that focused look falling upon his face when he switches from overbearing busybody to Paeon of the Gods. “Now strip unfaltering Ares, let us see the measure of damage done to your indomitable flesh.”
(Somewhere between the fifth set of stitches and the gentle frown that crosses Phoebus’ face when he notices the persistent tremble in his fingers, Ares pins his eyes to the far wall and asks, “What does it mean when Father says ‘well done’?”
Any other sibling would mock before they gave a true response. Any other sibling would laugh and dismiss it, would say that praise is praise and any lingering ill feeling is just the worst of the war still fogging his mind. Phoebus does not answer immediately. He doesn’t make a single sound. The question settles like fetid water between them, unignorable, the scent right there on the tip of the tongue yet firmly unacknowledged. Ares closes his eyes and tries again to settle his squirming so he does not interfere with Phoebus’ work.
The metallic snip of scissors cutting thread breaks the silence. Phoebus bids him to sit up and slides his warm palms up his back until his fingers tangle gently in the ends of his hair. He twists the dark red strands until he’s gathered it all into a neat handful, holding it loosely as he switches his scissors for his shearing blade. “You should know it was not praise,” Phoebus says softly. The first of Ares cut hairs fall like viscera from his head. Phoebus treats each cutting with the sacredness of a blood-sacrifice. If he focused on the moment of tension right before the blade cuts though, Ares thinks he can imagine the agony of his sister’s sacred birth. “It is acknowledgement. Father thinks you’ve done well so he says ‘well done’.”
Gently, Phoebus releases him. Ruffles his head so all the extra hairs fall like red rain to the floor. Ares runs his fingers through the ends now curling against his ear. “Has he ever told you ‘well done’?”
A laugh, warm and gilded, “No, and it would not make you feel better if he had.”
Ares swallows down a thousand different questions. Phoebus wouldn’t answer them, he’s infuriating like that. Instead, he clenches his teeth, the phantom of Father’s dizzying tangle of grey cloud-hairs persistent in the corner of his eyes. “Cut it shorter.”
Phoebus doesn’t protest. He never seems to say a word when it really matters.)
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The world’s big banks have handed nearly $7tn (£5.6tn) in funding to the fossil fuel industry since the Paris agreement to limit carbon emissions, according to research.
In 2016, after talks in Paris, 196 countries signed an agreement to limit global heating as a result of carbon emissions to at most 2C above preindustrial levels, with an ideal limit of 1.5C to prevent the worst impacts of a drastically changed climate.
Many countries have since promised to reduce carbon emissions, but the latest research shows private interests continued to funnel money to oil, gas and coal companies, which have used it to expand their operations.
Eight in 10 of the world’s most eminent climate scientists now foresee at least 2.5C of global heating, according to the results of a Guardian survey published last week – an outcome expected to lead to devastating consequences for civilisation.
Researchers for the banking on climate chaos report, now in its 15th edition, analysed the world’s top 60 banks’ underwriting and lending to more than 4,200 fossil fuel firms and companies causing the degradation of the Amazon and Arctic.
Those banks, they found, gave $6.9tn in financing to oil, coal and gas companies, nearly half of which – $3.3tn – went towards fossil fuel expansion. Even in 2023, two years after many large banks vowed to work towards lowering emissions as part of the Net Zero Banking Alliance, bank finance for fossil fuel companies was $705bn, with $347bn going towards expansion, the report says.
US banks were the biggest financiers of the fossil fuel industry, contributing 30% of the total $705bn provided in 2023, the report found. JP Morgan Chase gave the most of any bank in the world, providing $40.8bn to fossil fuel companies in 2023, while Bank of America came in third. The world’s second biggest financier of fossil fuels was the Japanese bank Mizuho, which provided $37.1bn.
London-based Barclays was Europe’s biggest fossil fuel financier, with $24.2bn, followed by Spain’s Santander at $14.5bn and Germany’s Deutsche Bank with $13.4bn. Overall, European banks stumped up just over a quarter of the total fossil fuel financing in 2023, according to the report.
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Rare Interview with Prince Felix Yusupov
This is a translation into English of this 1967 interview in French:
Interviewer: Prince Felix Yusupov, you killed Rasputin?
Prince: Yes
Interviewer: How old are you prince?
Prince: Nearly eighty
Interviewer: How old were you when you killed Rasputin?
Prince: Twenty-nine
Interviewer: Prince, are you part of the Imperial Russian family?
Prince: No, but my wife is the niece of the Emperor Nicholas the Second
Interviewer: Princess, were you aware of the plan of your husband?
Princess: Yes, I was aware of it.
Interviewer: And did you approve?
Princess: Yes.
Interviewer: Princess, we have said - we have repeated, that you had been in (unclear) Rasputin to his home the night of the murder? Is that true?
Princess: It is not at all true.
Interviewer: Why?
Princess: Because I was not there, I was in Crimea.
Interviewer: Prince, in the evening of your life, when you think about Rasputin again, what sentiment comes to you at the thought of him?
Prince: Disgust.
Interviewer: Did you have a personal interest in the murder of Rasputin?
Prince: None.
Interviewer: Prince, in identical circumstances, if you had to make the same decision, would you do again what you did then?
Prince: Yes.
Interviewer: All of your life you have refused to let anyone tell your story. The films that have been made about Rasputin have been made without your (approval). And now, for the first time you have authorized our film. And for the first time, you appear before the camera. Prince Yusupov, why?
Prince: Because the other films did not tell the true story.
Interviewer: The man who has just spoken to you, the man who killed Rasputin, that man will now revisit his memories.
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Netflix did reveal their 2024 slate today and like yesterday we found out the final seasons of "Cobra Kai" and "The Umbrella Academy" are on it as well as new seasons of "Outer Banks", "Emily in Pairs", "The Diplomat", "The Night Agent", "Bridgerton", and more are all coming out as well as a lot of movies and miniseries. However some shows were confirmed to be delayed till 2025 due to the strikes and rescheduling filming. These including the final season of "Stranger Things" and new seasons of "Wednesday", "My Life with the Walter Boys", "Sweet Magnolias", and others. Did notice some international shows didn't make the list either but are supposed to be out this year like Italy's "The Law According to Lidia Poet". So a lot is coming but am sad some are being delayed till next year.
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