The Lead: Heating Costs Skyrocket
You might want to save up to pay your heating bill this winter. The price of natural gas is double what it was six months ago and 17% more than it was just one month ago.
Typically prices surge during deep freezes, which is why experts are so perplexed at price surges in the off season. What is happening? Is it a supply issue? Is it a foreshadowing of the world’s inability to sustain a society based on limited resources? Hard to say but the energy stocks have gone up based on these predictions.
This week world leaders will meet at the United Nations and climate change is at the top of the agenda.
“We have reached a tipping point on the need for climate action,” said U.N. Secretary-General António Guterres. “The disruption to our climate and our planet is already worse than we thought, and it is moving faster than predicted. … We must act now to prevent further irreversible damage.”
A recent report from the United Nations found that countries that have made plans to reduce emissions cannot carry the burden for the world. If other nations such as India and China do not get on board, emissions will increase by 16% by 2030.