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This Could be the Death of the Fossil Fuel Industry - Will the Rest of the Economy Go with It?

Nafeez Ahmed

It's not looking good for the global fossil fuel industry. Although the world remains heavily dependent on oil, coal and natural gas -- which today supply around 80 percent of our primary energy needs -- the industry is rapidly crumbling.

This is not merely a temporary blip, but a symptom of a deeper, long-term process related to global capitalism's escalating overconsumption of planetary resources and raw materials.