New research published yesterday by the UK-based Global Justice Now has revealed that fossil fuel firms are suing governments for $18 billion arguing that action on climate change has affected their profits.
The Parliament election in Norway, Europe’s largest oil and gas producer, ended up securing support for a shift in Government, from today's Conservative-coalition government to a Labour-coalition government. Talks and negotiations are happening over the next weeks, and one of the biggest issues is the future of the Norwegian oil and gas industry. Will Norway's new government pass a more restrictive oil and gas policy?
On Thursday, September 16th, Ministers from Denmark and Costa Rica will announce they will form the Beyond Oil and Gas Alliance (BOGA). BOGA is a diplomatic initiative bringing together countries and jurisdictions that have ended licensing for new oil and gas exploration and production and are setting an end date for their production.
Under pressure from civil society, eleven banks have now confirmed that they will no longer fund the controversial East African Crude Oil Pipeline.