The IEA is steering the energy system towards catastrophic levels of warming. It continues to promote an energy future headed for around 3 degrees of warming, and acts as if the Paris Agreement never happened
What does the new carbon budgets study mean for the need to wind down fossil fuel production?
Download the briefing – Overheated Expectations: Valuing Saudi Aramco’s IPO in light of climate change Written and researched by Greg Muttitt and Hannah McKinnon. See Financial Times article on our report. Coming two years after the Paris Agreement, the initial public offering (IPO) of Saudi Aramco will be strongly shaped by climate change. Most analysts believe … Read More
The Canadian Association of Petroleum Producers’ “data” claiming a need for pipelines looks increasingly far-fetched the more one looks into it.
CAPP’s report is a work of fiction: Its numbers are demonstrably wrong, and have apparently been made up to prop-up a struggling political argument for more pipelines.
Government handouts to boost BP’s private profits massively exceed the firm’s sponsorship of the arts – it’s time to cut these dirty ties once and for all.
On Monday, we welcomed the first step by the International Energy Agency towards describing how energy would look for the world to meet one of the Paris Agreement goals, to keep warming well below 2°C. Specifically, it looked at emissions being limited enough to give a 2-in-3 chance of staying below 2°C. The report was co-published … Read More
Today the IEA finally released an energy forecast that aims for a greater chance of avoiding climate catastrophe. It is crucial that the IEA now retire its outdated 450 Scenario, and instead focus on how to keep warming well below 2ºC and aim for 1.5ºC.
Forecasting Failure: Why Investors Should Treat Oil Company Energy Forecasts With Caution Oil Change International, Greenpeace March 2017 Download Report Companies like ExxonMobil, Shell and BP routinely use their in-house energy forecasts to justify investments in multi-decade, high-cost projects, from the Arctic to the tar sands. While the companies present their published forecasts as objective analyses, … Read More
The oil companies go to great efforts to portray their forecasts as works of objective analysis of the future. They are not – they are self-serving descriptions of the futures the companies would like policymakers and investors to believe in.