Today, the International Energy Agency (IEA) released a new special report on Africa. The 2022 Africa Energy Outlook suggests a potential to increase gas production on the continent to 2030 even in a “sustainable” scenario.
Russia’s war in Ukraine and fuel price spikes mean international public finance institutions must roll out rapid decarbonization and aid packages, not back track by locking in new fossil infrastructure.
Response defends original analysis, confirms enormous impact of the MVP project, and highlights the many false assumptions that have caused FERC to ignore gas pipeline GHGs.
Mountain Valley Pipeline, LLC’s (MVP) attacks on our greenhouse gas methodology are not aligned with the best available science. In fact, the operation of the Mountain Valley Pipeline would contribute significant greenhouse gas pollution, and our methodology for assessing its climate impacts is sound. That’s the conclusion of a letter filed by Oil Change International to the Federal Energy Regulatory Commission’s (FERC) docket for the Mountain Valley Pipeline Project.
A policy brief released today by OCI and ODI shows that despite their commitment to align financial flows with climate goals under the Paris Agreement adopted in 2015, the E3F countries still provided €20 billion in export finance for fossil fuel projects abroad between 2018 and 2020.
Asia is one of the few remaining growth markets for gas. The fossil fuel industry and its proponents are pushing to develop $379 billion of gas terminals, pipelines and power plants in Asia over the next decade. Roughly three-quarters of all Liquified Natural Gas (LNG) import terminals in development globally are planned for Asia. This aggressive buildout ignores a simple truth.
This impending buildout of new gas infrastructure poses one of the greatest threats to meeting the goals of the Paris Agreement. Instead of forming a bridge — as gas proponents claim — gas expansion builds a wall against the clean energy future we need.
More than 500 organizations called on policymakers in the U.S. and Canada to reject Carbon Capture and Storage (CCS) as a dangerous distraction and to end the “carbon capture of climate policy.”
The plan leaves the door open for new gas finance and keeps existing loopholes for continued support for all fossil fuels.
The API claims gas is the main reason US power sector emissions are down. Our latest analysis shows it’s not.