These briefings reveal that Total, Eni, and Equinor are on the cusp of approving a surge of new oil and gas development. If they proceed with all the projects in their anticipated pipeline for 2023, Eni could rank as the worldâs third worst oil and gas expander this year and Equinor as the worldâs eighth worst by the total volume of new reserves approved for extraction.
Eni
Despite our growing climate emergency, Eni and Equinor double down on fossil fuel expansion
It’s that time of year again when the oil industry has to face its shareholders and investors in public: AGM season. Over the coming days, Big Oil executives will have to respond to questions about how they are reconciling the plans for expanding fossil fuel growth with their public commitments on climate change.
Updated analysis reveals oil industry climate plans are grossly insufficient to achieve Paris Climate Goals
The report finds the oil and gas majors are involved in over 200 expansion projects on track for approval from 2022 through 2025. If they go forward, these companiesâ investments could create an additional 8.6 billion tonnes (Gt) of carbon pollution â equivalent to the lifetime emissions of 77 new coal power plants.
Big Oil Reality Check â Updated Assessment of Oil and Gas Company Climate Plans
Despite an array of new ânet zeroâ pledges released in the past two years, the climate promises of major U.S. and European oil and gas companies still fail to meet the bare minimum for alignment with the Paris Agreement, according to a new study.
Spoiler alert: Big oil companies are still failing on climate
Being a âleaderâ among laggards doesnât cut it when weâre in a climate emergency â a crisis that the oil and gas industry has done the most to cause.
Discussion Paper: Big Oil Reality Check â Assessing Oil And Gas Climate Plans
Our new discussion paper analyzes the current climate commitments of eight of the largest integrated oil and fossil gas companies, and reveals that none come close to aligning their actions with the urgent 1.5°C global warming limit as outlined by the Paris Agreement.