Since May 2021, Shell has expressed interest to develop ten new oil and gas extraction assets, which could lock in additional CO2 pollution (325 million metric tonnes) two times greater than the Netherlands’ total CO2 emissions in 2021.
Despite the ongoing climate crisis, Shell continues to develop new oil and gas assets. Since the Dutch court ruling in May 2021, Shell has made definitive investments in 10 assets, which once burned will result in 325 million metric tonnes of CO2 emissions. Shell also co-owns more than 750 untapped oil and gas assets, which would amount to 4.3 billion metric tonnes of extra CO2 emissions, 30 times more than the total emissions from the Netherlands in 2021.
Today is a major defeat for the Manchin and American Petroleum Institute-approved bill which would have fast-tracked the Mountain Valley Pipeline and other fossil fuel projects.
Approving new gas pipelines and liquified natural gas export facilities would lead to hundreds of millions of tons of carbon dioxide equivalent per year for decades to come.
“All Congress members should speak out publicly to stand with frontline communities and reject Joe Manchin’s dirty deal,” said Collin Rees.
More than 650 climate, environmental justice, public health, youth, and progressive organizations sent a letter opposing the fossil fuel ‘side deal’ being advanced by Senators Joe Manchin and Chuck Schumer.
“The Inflation Reduction Act has come at a tremendously high price that will be disproportionately paid by Black, Indigenous, family farming, people of the global majority, and working-class communities. We cannot afford additional giveaways to the fossil fuel industry in a deal that Democratic Leaders negotiated with Senator Manchin.”
“Biden’s climate legacy hangs in the balance — we need bold leadership, not tinkering around the edges. Declaring a climate emergency would make it clear that Biden views the climate crisis as an existential threat and unlock key powers to tackle climate change head-on and hasten a just transition to clean, renewable energy,” said Rees.
Credendo’s new policy is meant to implement the Glasgow commitment to end international public finance for fossil fuels by the end of 2022, but it leaves loopholes for existing oil and gas fields and gas-fired power.
“We can’t transition away from fossil fuels by locking in five more years of deadly extraction, and Biden can’t claim to care about environmental justice while forcing oil and gas drilling on already burdened communities,” said Collin Rees.