GLOBAL POLICY
The Paris climate goals demand a rapid, just transition from fossil fuels to clean energy. We’re pushing governments to lead the way by adopting policies to end oil and gas production.
OVERVIEW OF WORK
In order to achieve climate goals, governments and other decision makers must support a just and equitable move away from fossil fuels. We are pushing for precedent-setting leadership from governments to put policies in place to manage the decline of oil and gas and ensure a just transition for fossil-fuel dependent workers and communities.
Building from a growing group of first mover governments, we are pressuring for increasing numbers of national and regional governments to end new licenses and permits for oil and gas production, and to develop plans to wind down their existing production over time.
LATEST PROGRAM POSTS
Legislators from 13 countries have sent a message to the G8 to address climate change, clean energy and sustainable development when they meet in St Petersburg later this week. They pointed out that energy security and climate security needed to be tackled together. “If we do not successfully address both, we risk undermining our development, economic and security goals” they said.
Forty US senators have sent a letter to President Bush, urging him to “provide leadership” on climate change, and warning that the US could lose its competitive edge in a “carbon conscious” world.
A year after the Senate passed a resolution calling for mandatory programme to reverse global warming, the letter read: “We are writing to express our continuing concern about the threats posed by global warming and our support for a mandatory programme that would reduce emissions from today's levels within 10 years".
Youth organizations from 21 countries have issued a statement calling on the G8 to abandon a disastrous “Energy Security” strategy whose details were first revealed by Oil Change International in February of this year, and which is scheduled for approval during the G8 Summit later this week (July 15-17). According to the 53 youth organizations that issued the statement, the draft G8 strategy is an “outrageous abdication of leadership” and they are calling on the G8 to stop subsidizing the expansion of the international oil and fossil fuel industry and to focus limited public resources on promoting long-term alternatives.
The Independent leads on how “this week the London Stock Exchange will play host to one of the biggest share sales on record. But the £6bn flotation of Rosneft, a state-owned Russian oil producer, will not only be huge, it will also be massively controversial".
The paper goes on to argue that critics of Rosneft, who include the billionaire investor and philanthropist George Soros, claim the company has been built on assets stolen by the Kremlin from another set of shareholders. Therefore allowing Rosneft to list its shares will “legitimise that act and undermine London's reputation as one of the world's
LATEST PROGRAM RESEARCH
This new report, “Public Enemies: Assessing MDB and G20 international finance institutions’ energy finance” looks at G20 country and MDB traceable international public finance for fossil fuels from 2020-2022 and finds they are still backing at least USD 47 billion per year in oil, gas, and coal projects.
This briefing assesses Shell’s fossil fuel extraction plans in light of Shell's appeal of a Dutch court verdict requiring the company to take responsibility for its climate pollution. Our analysis shows that Shell continues to plan for levels of oil and gas production and investment that undermine the world’s chances of curtailing climate disaster.
The countries that produce oil and gas from the North Sea (Norway, the UK, the Netherlands, Germany, and Denmark) rank among the countries with the greatest economic capacity and responsibility to rapidly phase out extraction, and to finance just transitions to renewable energy solutions domestically and abroad.