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As part of a series of briefings on proposed Appalachian gas pipelines, Oil Change International's new analysis finds that the PennEast Pipeline would result in the emissions equivalent the 14 coal plants, or 10 million passenger vehicles.
Forecasting Failure: Why Investors Should Treat Oil Company Energy Forecasts With Caution
Oil Change International, Greenpeace
March 2017
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Companies like ExxonMobil, Shell and BP routinely use their in-house energy forecasts to justify investments in multi-decade, high-cost projects, from the Arctic to the tar sands. While the companies present their published forecasts as objective analyses, the forecasts rather reflect the future they want us to believe in.
This report:
reveals the poor track record of oil company forecasting;
exposes the unlikely assumptions built into the forecasts; and
examines the consequences of these forecasts for investments and for climate change.
It finds that the companies are highly
Part of a series of briefings on proposed Appalachian gas pipelines, Oil Change International finds that the Atlantic Coast Pipeline would cause the emissions equivalent of 20 coal plants or 14 million passenger vehicles.
Part of a series of briefings on proposed Appalachian gas pipelines, Oil Change International finds that the Mountain Valley Pipeline would cause the emissions equivalent of 26 coal plants or 19 million passenger vehicles.
Climate on the Line: Why new tar sands pipelines are incompatible with the Paris goals
January 2017
Oil Change International
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New analysis finds that Canada will be the world’s second highest contributor of new oil production globally over the next twenty years if action isn’t taken to halt new tar sands pipelines and production growth. Once extracted, much of this oil will be burned, pushing global temperature limits over the brink.
Cumulative emissions from producing and burning Canadian oil would use up 16% of the world’s carbon budget to keep temperatures below 1.5 degrees, or 7% of the budget for 2
Subsidies: Propping Up Oil Profits & Polluting the Climate
Oil Change International & Sierra Club
January 2017
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Almost half of all oil production expected to come online in the United States is only economic if the public props up private investments with taxpayer handouts.
The other half of oil production would happen even without subsidies. That means our government is handing out billions of dollars in subsidies that simply line oil company pockets.
This infographic compares the economic viability of oil production in discovered but undeveloped U.S. fields with and without subsidies. It shows that at current prices, almost half of all oil production
Each year, federal and provincial governments pay billions in hand-outs to Canada’s coal, oil and gas companies, undermining both existing and proposed climate action in Canada.
An update to our previous reports on international coal finance, this report confirms that financing for coal threatens to undermine the Paris Agreement's aims.
A handful of wealthy countries are still funding fossil fuels instead of climate action, giving 3.6 times more public money to prop up fossil fuels than they’re giving to developing countries to address climate change.
Canada does not need new pipelines, in spite of repeated misleading claims by the oil industry. That’s the conclusion of a new Oil Change International (OCI) analysis showing that Canada has ample pipeline Capacity to export all existing and under construction oil production to market from western Canada.