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

By Rosemary Harris

In this pivotal “year of elections" the UK, alongside the US, India, the EU, and over 50 other countries, heads to the polls. In the midst of the hottest spring and the expected wettest summer on record in the UK, party activists are knocking on doors to get out the vote for  July 4th. 

But that’s not all. There are deadly floods in Germany, extreme weather events in South Africa, and schools are shutting in India due to a severe heatwave. More deadly weather phenomena are undoubtedly going to take place before this election is over.

And while people experience

Page 1 of 1150 12341,1491,150
LATEST PROGRAM RESEARCH

This new analysis, an update to the data in our landmark Sky's Limit series, finds that the majority of the fossil fuel reserves within active fields and mines must now stay in the ground. Using updated 2023 data, the proportion of coal, oil, and gas reserves that must remain unextracted to meet the 1.5°C limit has increased from nearly 40% in 2018 to almost 60% in 2023.

US non-profit Ceres has produced a paper aimed at explaining actions that oil and gas exploration and production companies (E&Ps) can take to reduce their emissions. It is also supposed to provide useful information on climate alignment to the sector’s investors and bankers.

The paper suffers from a number of alarming weaknesses which threaten to reverse progress on setting standards for net-zero finance. Consequently, Reclaim Finance, Oil Change International, urgewald, CIEL, and Stand.Earth have jointly published this analysis in response.

These briefings reveal that Total, Eni, and Equinor are on the cusp of approving a surge of new oil and gas development. If they proceed with all the projects in their anticipated pipeline for 2023, Eni could rank as the world’s third worst oil and gas expander this year and Equinor as the world’s eighth worst by the total volume of new reserves approved for extraction.