the Voice of
The Communist League of Revolutionary Workers–Internationalist
“The emancipation of the working class will only be achieved by the working class itself.”
— Karl Marx
the Voice of
The Communist League of Revolutionary Workers–Internationalist
“The emancipation of the working class will only be achieved by the working class itself.”
— Karl Marx
Sep 29, 2025
This article is translated from the September 26, issue #2982 of Lutte Ouvrière (Workers Struggle), the paper of the Trotskyist group of that name active in France.
At the Paris Summit a decade ago, 200 countries solemnly promised with great fanfare to limit global warming to 1.5 degrees Celsius higher than during the pre-industrial era.
They committed to reducing the production of fossil fuels: coal, oil, and gas. But now production levels are twice as high as what they promised!
The Stockholm Environment Institute and the Institute for Sustainable Development published their annual report on September 22. The report shows production forecasts for 2030 by the main fossil fuel-producing countries. They are 120% higher than the level compatible with warming of 1.5 degrees Celsius. The forecasts are 77% higher than the level for warming of two degrees. And the gap keeps increasing.
Brazil will soon host the next climate summit, to be called COP30. Brazil reflects this general headlong rush. Brazil’s oil production is expected to shoot up by 50% by 2030 compared to 2023. Its gas production will shoot up by 110%.
The report explains there is a “disconnect” between countries’ climate claims and commitments to achieve carbon neutrality, and their real-world plans for fossil fuel production.
What’s more, non-profit Reclaim Finance recently published a study showing that the world’s largest banks lent fossil fuel projects twice as much as they lent so-called “energy transition” projects.
The capitalists’ overriding objective is profit. They never wonder whether a planet hotter than the tipping point will still allow for profit.