Release: Shell snubs climate case verdict and continues drilling for more

September 30, 2022By OCI TeamFeatured, News, Press Releases No Comments

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.

Position paper: CSOs urge the Beyond Oil and Gas Alliance to deliver on real climate leadership

September 21, 2022By nicoleGlobal Policy, Press Releases No Comments

Today, a few days after a high level event (1) organized by the Beyond Oil and Gas Alliance (2) on the margins of the UN General Assembly in New York, civil society organizations launch a position paper urging the coalition and its members to deliver on  commitments to promote a global phase out of oil and gas production, and turn aspirations into bold and ambitious climate action in line with equity, justice, and science. 

Sweden restricts international oil and gas finance to deliver on climate commitment

September 20, 2022By Nina PusicEnergy Transitions & Futures, Press Releases, Stop Funding Fossils No Comments

As the deadline for implementing the Glasgow Statement looms, the Swedish export credit agencies, SEK and EKN, have released an updated policy. A previously-released policy aligned Swedfund – the Swedish development finance institution – with the Glasgow Statement. SEK and EKN’s new policy ends almost all support to fossil fuels by 31st December 2022, with some limited exemptions.

Response: The UK’s decision to lift its fracking ban flies in the face of climate science and will not solve its energy crisis

September 8, 2022By nicoleEnergy Transitions & Futures, Global Policy, Press Releases No Comments

Contacts Nicole Rodel: nicole [at] priceofoil.org Silje Lundberg: silje [at] priceofoil.org Today, Prime Minister Liz Truss announced the reversal of the UK’s fracking ban, despite advice from the government’s own advisors that such a move will not help lower energy bills or support long-term energy security. The decision to remove the moratorium on fracking, which … Read More