As COVID-19 and other factors force an unmanaged decline of oil and gas, a new peer-reviewed study outlines how policymakers can plan for a better future, with an equitable phase-out of fossil fuels.
The current crisis is a clear warning sign that, if governments leave the “when” and “how” of the end of oil and gas up to tumultuous markets, the outcome will not be good for either people or the planet.
Today, French oil major Total published a statement touting its ambition to “get to net zero by 2050”. In response, Oil Change International released the following statement.
“A managed decline of oil and gas production that supports affected communities and workers must be central in a just and green recovery from the COVID-19 crisis,” said ver der Burg.
In anticipation of yet another announcement released by the G20 and OPEC+ today, experts at Oil Change International have issued the following statements.
It’s time for BP and all oil companies to stop hiding behind net-zero rhetoric and commit to immediate action on the scale of the crisis we’re in.
Last week we released a report outlining why Denmark can’t be a climate leader if it expands North Sea oil and gas production as planned.
This new report reveals, for the first time, the climate impact of North Sea oil and gas extraction, and shows the way to a job-creating energy transition. To deal with the climate emergency, the UK needs to immediately stop approving new oil and gas drilling and redirect support to clean jobs and renewable energy.
“California can lead the way by showing what a true managed decline can look like, and we applaud Governor Newsom for his recognition of that imperative.”
A new study released today by Oil Change International and 17 partner organizations makes it clear that managing a rapid and equitable decline of U.S. fossil fuel production must be a core component of any comprehensive climate policy.