Earlier this week a coalition of 150+ economists and policy experts including Yanis Varoufakis, Jason Hickel, OlĂşfĂ©mi O. TáĂwò, Nader Habibi, and Isabelle Ferreras sent a letter to Global North leaders, calling on them to pay their fair share for a just energy transition with trillions in public reparations, and to allow democratic and people-centred reforms to the global financial system they have a disproportionate control over.Â
Author: Oil Change International
Big Oil Reality Check 2023 — An Assessment of TotalEnergies, Eni, and Equinor’s Climate Plans
These briefings reveal that Total, Eni, and Equinor are on the cusp of approving a surge of new oil and gas development. If they proceed with all the projects in their anticipated pipeline for 2023, Eni could rank as the world’s third worst oil and gas expander this year and Equinor as the world’s eighth worst by the total volume of new reserves approved for extraction.
Italian Major Eni Uses Record Profits to Double Down on Fossil Fuel Investments
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
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
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.
New Briefing: Over 800 protected areas worldwide under threat from fossil fuel extraction
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.
Unburnable Carbon in Protected Areas
This new analysis shows that over 47 Gigatonnes of CO2 could be released by extracting and burning fossil fuels from within protected areas.
New report reveals Norwegian Oil Fund as Europe’s largest institutional investor in coal despite claiming to be a global climate leader
A new report by ActionAid Denmark, Urgewald, Oil Change International, Greenpeace Norway, the Norwegian Forum for Development and Environment and Future in our hands, has exposed the truth behind the Norwegian Oil Fund’s commitment to exit coal, revealing the fund still has billions of US dollars invested in the polluting industry, making it Europe’s largest institutional investor in coal.Â
Certified Disaster: How Project Canary & Gas Certification Are Misleading Gas Markets & Governments
A new report by Oil Change International and Earthworks examines the rapid growth in “certified gas” and exposes on-the-ground failures to detect oil & gas pollution by one of the largest certifiers of methane gas.
Banking on Climate Chaos 2023: Fossil Fuel Finance Report
This report, Banking on Climate Chaos 2023, analyzes fossil fuel financing and policies from the world’s 60 largest commercial and investment banks. We reveal that fossil fuel financing from the world’s 60 largest banks has reached nearly USD $5.5 trillion in the seven years since the adoption of the Paris Agreement, with $673 billion in 2022 alone.