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
Illustration by Pawel Kuczynski
Many of the largest CCS projects in the world overpromise and under-deliver, operating far below capacity.
An analysis by OCI of six of the leading CCS plants in the US, Australia, and the Middle East reveals that they are all either operating significantly below capacity, ranging from an estimated 10 to 60% capacity, or are designed only to capture a fraction of the emissions produced by the facilities they are attached to. In some cases, it is both.
Underperformance is the norm
Today, the total installed capacity of carbon capture projects operating worldwide is stated to be 49.7 million metric
COP28 has the potential to be an historic moment in confronting the climate crisis. The COP28 Presidency has an opportunity to secure a transformational negotiated outcome, if it secures a robust negotiated energy package, including an unambiguous agreement to end all new oil and gas expansion, a clear call to equitably and rapidly phase out all fossil fuels, and a commitment to triple deployment of nature-positive and community-beneficial renewable energy and double energy efficiency.
As the U.S. government arrives in Dubai for the UNFCCC COP28 climate summit, frontline communities, youth, and civil society are planning to confront the Biden-Harris administration’s oil and gas expansion and urging a rapid fossil fuel phaseout.
Summary:
Governments have spent over $20 billion – and have approved up to $200 billion more – of public money on carbon capture and storage (CCS), providing a lifeline for the fossil fuel industry.
79% of operating carbon capture capacity globally sends captured CO2 to produce more oil (via Enhanced Oil Recovery).
Many of the largest CCS projects in the world overpromise and under-deliver, operating far below capacity.
LATEST PROGRAM RESEARCH
This report finds that Keystone XL would reduce gasoline supplies in America by diverting Canadian tar sands crude from the Midwest to the Gulf Coast, blowing apart the tar sands industry's claims that building the Keystone XL pipeline would lower gasoline prices in America.
This briefing finds that the transport of tar sands oil through pipelines in the United States is exempt from payments into the Oil Spill Liability Trust Fund, which creates a free ride worth over $375 million to tar sands oil producers between 2010 and 2017.
The Keystone XL pipeline has been presented as a boon to U.S. energy security by its proponents. It is no such thing.