This briefing illustrates how G7 public finance flows remain severely misaligned with climate goals. G7 public finance for fossil fuels between 2018 and 2020 totalled over USD 100 billion, four times its support for renewable energy.
Day: May 24, 2022
Shell AGM: Company accused of âhot airâ and âcausing extreme harmsâ on climate
Today is Shellâs AGM, where the company will try and spin to its shareholders and the wider public that it is leading the climate fight and race to net zero. But its all a climate charade. Its all a lie.
Oil Change International submits evidence to the Environmental Audit Committee
The UK House of Commons Environmental Audit Committee have launched a inquiry into Accelerating the transition from fossil fuels and securing energy supplies, which is scrutinising the UK Governmentâs Energy Security Strategy and its North Sea Transition Deal (for oil and gas production in the UKâs Continental Shelf). Oil Change International submitted the following evidence for the committee.
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.