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Day: May 10, 2023

Italian Major Eni Uses Record Profits to Double Down on Fossil Fuel Investments

May 10, 2023By OCI TeamFeatured, News, Press Releases No Comments

This new briefing warns that Eni is on the cusp of greenlighting a new surge of oil and gas extraction. Eni could rank third among companies globally in 2023 in the volume of new oil and gas reserves approved for development.

Kicking off AGM Season, Eni and Equinor Are Fueling Oil and Gas Expansion, Not Clean Energy Transition

May 10, 2023By OCI TeamFeatured, News, Press Releases 1 Comment

Eni and Equinor are on track to rank as the world’s third and eighth worst upstream oil and gas expanders, respectively, in 2023.

Analysis: Equinor’s Record Profits Fuel Oil and Gas Expansion, Not Clean Energy Transition

May 10, 2023By OCI TeamFeatured, News, Press Releases No Comments

This new briefing exposes the Norwegian company’s fossil-fueled energy strategy as grossly misaligned with global efforts to stem the climate crisis. The analysis details how the company lacks credible climate pledges and continues to prioritize oil and gas investments and fossil fuel extraction expansion.

Unburnable Carbon in Protected Areas

May 10, 2023By OCI TeamBriefings, Resources No Comments

This new analysis shows that over 47 Gigatonnes of CO2 could be released by extracting and burning fossil fuels from within protected areas.

New Briefing: Over 800 protected areas worldwide under threat from fossil fuel extraction

May 10, 2023By OCI TeamBlog Post, Press Releases No Comments

The Leave it in the Ground Initiative (LINGO), in collaboration with Oil Change International, today launched the findings of a global analysis which maps fossil fuels underneath the world’s protected areas. For the first time, it quantifies the threat from fossil fuel extraction to legally protected areas worldwide.

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