Barry Coates: Mindful Money CEO says we have far more oil and gas in reserve than what's needed to produce in future

The fossil fuel industry's move to keep expanding has been deemed as a recipe for huge financial loss. The oil and gas industry has said they're working towards net zero climate emissions, but a Mindful Money report reveals these promises are no more than greenwashing. Instead of investing in clean energy, it shows they're investing to expand their exploration and field development. Mindful Money CEO Barry Coates told Mike Hosking this will lead to these companies losing money in future. He says we already have far more oil and gas in reserve than what's needed to produce in future. LISTEN ABOVESee omnystudio.com/listener for privacy information.