Illustration by Pawel Kuczynski Many of the largest CCS projects in the world overpromise and under-deliver, operating far below capacity. An analysis by OCI of six of the leading CCS plants in the US, Australia, and the Middle East reveals that they are all either operating significantly below capacity, ranging from an estimated 10 to … Read More
“As COP28 negotiations for a full phase out of fossil fuels progress, today’s announcements show that fossil fuel phaseout is not a pipe dream: new and existing members of the Beyond Oil and Gas Alliance show it is possible and urgent to take the right steps to keep oil and gas in the ground and support a global phase out of fossil fuel production.”
“Global leaders have to deliver a full package. We will not accept weak outcomes only on coal or renewables, and without addressing the primary driver of the climate crisis, fossil fuels. We need countries to reach an agreement that includes a just and equitable phase out of all fossil fuels, with rich countries agreeing to phase out fastest, as well as a rapid phase in of renewables, a doubling of energy efficiency, and rich countries agreeing to redirect trillions in finance from fossil fuel industry handouts to support the transition in the form of grants, not loans.”
Today at COP28, Total CEO Patrick Pouyanné said that the international oil major would call for the release of imprisoned Ugandan StopEACOP activists.
Australia has joined a major international initiative to end international public finance for fossil fuels at an event held at the UK Government Pavilion today at COP28. Australia follows Norway, who also joined the initiative on Saturday.