Image credit NOAA Global Monitoring Laboratory, Scripps Institute of Oceanography at the University of California San Diego

The world just made the largest ever recorded leap in the amount of carbon dioxide in its atmosphere. The global average concentration of carbon dioxide in March this year was 4.7 parts per million higher than it was in March last year.


2022 had the highest profits on record for publicly traded US oil companies. The country’s top-10 listed operators by value had a combined net income of $313bn in 2021-23, almost triple the amount in 2017-2019. Oil and gas production in the US hit record levels in 2023.

Source: Adam Tooze, Chartbook 423, May 11, 2024