Contact:

Silje Lundberg, North Sea Senior Campaigner, Oil Change International, silje [at] priceofoil.org (CET)
Nicole Rodel, Communications campaigner, Oil Change International, nicole [at] priceofoil.org (SAST)

Yesterday, the government of Norway and the European Commission released a joint statement (1) on energy cooperation in which the EU officially supported “continued [oil and gas] exploration, new discoveries and field developments” in Norway in order to provide additional oil and gas to the European Union over the long-term. This statement comes on the heels of the publication of the International Energy Agency’s World Energy Investment 2022 report (2) which states that “no one should

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.

Today G7 climate, energy and environment ministers issued a communique committing to end public finance for fossil fuels by the end of this year.

The report finds the oil and gas majors are involved in over 200 expansion projects on track for approval from 2022 through 2025. If they go forward, these companies’ investments could create an additional 8.6 billion tonnes (Gt) of carbon pollution – equivalent to the lifetime emissions of 77 new coal power plants.

"Big Oil is gouging working families, and it’s critical to hold these companies accountable for their exploitative profiteering," said Collin Rees.