The IEA’s new 1.5°C-aligned scenario finds âno need for investment in new fossil fuel supply.â This represents a break from past IEA reports that boosted new oil and gas development by focusing on scenarios that steered the world towards catastrophic levels of warming. This is a big step in the right direction.
Author: David Turnbull
Oil Change International reacts to initial Climate Summit statements
True climate leadership requires a full reckoning with the realities of whatâs driving our climate crisis: fossil fuels. Without a robust plan from rich countries in particular to ramp down fossil fuel production and ramp up support for communities for a just transition to a renewable energy economy, any conversation about âclimate leadershipâ is incomplete at best, or misleading at worst.
OCI reaction to Interior Department forum on federal oil and gas leasing
The only reasonable conclusion to the process of reforming the federal oil and gas program is for leasing to come to an end.
Top US banks still propping up Mountain Valley fracked-gas pipeline boondoggleÂ
Eight main street U.S. banks have substantially increased their investment in the troubled Mountain Valley fracked gas pipeline project, updated analysis by Oil Change International revealed today.
Oil Change International Response to IEAâs 2020 World Energy Outlook
Limiting warming to 1.5ÂșC is both urgent and possible, but governments and investors alike need pathways that allow them to plan for success, not further entrench fossil fuels.
Big Oil Reality Check: New paper finds âfailure across the boardâ in oil industry climate plans
A new comprehensive analysis released today shows that not a single climate plan released by a major oil company comes close to aligning with the urgent 1.5ÂșC global warming limit.
Oil Change International Experts Comment on Oil Market Volatility
As COVID-19 becomes an official pandemic and oil prices plunge amidst a global price war, questions are emerging regarding the impact of these developments on climate and energy policy. Oil Change International experts offer statements and are available for further comment.
Report: New Mexicoâs Oil & Gas Boom Undermines the Stateâs Climate Goals
A new report released today by Oil Change International and partners finds that New Mexicoâs projected oil and gas production is entirely out of sync with the action necessary to prevent catastrophic climate change. The report analyzes the full climate impact of New Mexicoâs oil and gas extraction, and finds that the stateâs goals of reducing emissions will be completely undermined by continued expansion of oil and gas.
Report: Reinstating the Crude Oil Export Ban Could Cut Global Emissions as Much as 181 Million Tons
A new report finds restoring the crude oil export ban could lead to reductions in global greenhouse gas emissions of as much as 80 to 181 million tons of carbon dioxide equivalent each year
OCI response to EIB’s newly approved energy lending policy
This new policy is a signal to the wider financial community that the era of fossil fuels is past.