The creation of the NZPF is a tacit recognition by major oil and gas producers that their contribution to the climate crisis can no longer be ignored. But the framing of the initiative and its main objectives raise the prospect of the NZPF being a greenwashing tool in service to the oil and gas industry’s interests.
Author: Romain Ioualalen
Spain becomes latest country to ban new oil and gas exploration and production
Yesterday, the Spanish Parliament adopted a wide-ranging Climate Change and Energy Transition law, which includes a ban on new fossil fuel exploration and production licenses.
Report: the Network for Greening the Financial System (NGFS) must revise its climate scenarios to drive decarbonization in the financial sector
In a new paper published today, Oil Change International (OCI) and Reclaim Finance analyze the shortcomings of the climate scenarios published by the NGFS and highlight the risk that they may be used to justify slow and inadequate climate action by financial actors.
Ireland’s proposed climate policy would make it a global leader in keeping fossil fuels in the ground
After months of negotiations, political parties in Ireland have secured an agreement to form a new coalition government. This programme of government, titled Our Shared Future, was signed by the leaders of Fine Gael, Fianna Fáil and the Green Party and will now need to be ratified by party members. This post analyzes exclusively the … Read More
Spain to join group of first movers off oil and gas
Spain’s supply-side measures are an important signal that climate leadership needs to be defined by a willingness to address the root causes of fossil fuel lock-in.