Report: Oil production in the Permian Basin expected to increase 50% over the next decade

November 9, 2021By OCI TeamBlog Post, Featured, Press Releases, Stopping Carbon Lock-In

The report additionally reveals that burning the oil and gas projected to be produced in the Permian Basin by 2050 will release nearly 40 billion tons of CO2, almost 10% of the remaining global carbon budget for staying under 1.5°C. 80% of these emissions, over 30.6 billion tons of CO2, would come from burning the liquids and gas produced from new wells that were not in production at the end of 2020, signaling an urgent need — but an opportunity — for President Biden to immediately deny new oil and gas infrastructure permits.

Canada’s Big Oil Reality Check: Major oil and gas producers undercut Canada’s commitment to 1.5ºC

November 3, 2021By OCI TeamEnergy Transitions & Futures, Featured, Reports

The assessment by Environmental Defence Canada and Oil Change International assesses eight of Canada’s top oil and gas producers, including Imperial (ExxonMobil) and Shell. It finds they are all on track to increase their oil and gas production in Canada, rather than planning a fair transition away from fossil fuels that are fuelling the climate crisis.

The Sky’s Limit Africa: The Case for a Just Energy Transition from Fossil Fuel Production in Africa

October 14, 2021By OCI TeamAfrica, Featured, Reports, Resources 1 Comment

The Sky’s Limit Africa assesses fossil fuel industry plans to sink USD $230 billion into the development of new extraction projects in Africa in the next decade — and USD $1.4 trillion by 2050. It finds these projects are not compatible with a safe climate future and that they are at risk of becoming stranded assets that leave behind unfunded clean-up, shortfalls of government revenue, and overnight job losses.