New research published yesterday by the UK-based Global Justice Now has revealed that fossil fuel firms are suing governments for $18 billion arguing that action on climate change has affected their profits.
The Parliament election in Norway, Europe’s largest oil and gas producer, ended up securing support for a shift in Government, from today’s Conservative-coalition government to a Labour-coalition government. Talks and negotiations are happening over the next weeks, and one of the biggest issues is the future of the Norwegian oil and gas industry. Will Norway’s new government pass a more restrictive oil and gas policy?
On Thursday, September 16th, Ministers from Denmark and Costa Rica will announce they will form the Beyond Oil and Gas Alliance (BOGA). BOGA is a diplomatic initiative bringing together countries and jurisdictions that have ended licensing for new oil and gas exploration and production and are setting an end date for their production.
Under pressure from civil society, eleven banks have now confirmed that they will no longer fund the controversial East African Crude Oil Pipeline.
“This is a major victory for Indigenous resistance and the climate. Trudeau needs to stop supporting this risky project immediately, and end all fossil fuel subsidies,” said Kyle Gracey of OCI.
Today, Oil Change International and over 150 other civil society organisations from all over the world sent an open letter to International Energy Agency (IEA) director Dr. Fatih Birol, urging him to center 1.5 degrees Celsius (ºC) in the 2021 World Energy Outlook (WEO). The IEA is due to release the WEO in one month, on October 13, 2021.
“We urge Congress to end fossil fuel subsidies, and we expect Leader Schumer and Chairman Wyden to stand by their promises to end dirty subsidies to oil, gas, and coal,” said Collin Rees of Oil Change.
The latest techno-fix to try and reduce carbon dioxide emissions has gone live in a remote, bleak landscape of Iceland. But will it help fix our climate crisis?
The British Government is coming under increasing pressure over its hosting of the COP26 climate conference to be held in Scotland in November.
With parts of the Eastern US flooded and West burning, the Biden Administration has lost a court case, forcing it to open up 80 million acres for drilling in the Gulf of Mexico.