When the Beyond Oil and Gas Alliance members were unveiled yesterday, there was an obvious one missing: the COP host, the UK Government. To put it mildly this is a disgrace for a country that keeps trying to argue that it is leading the way on climate..
The assessment by Environmental Defence Canada and Oil Change International assesses eight of Canada’s top oil and gas producers, including Imperial (ExxonMobil) and Shell. It finds they are all on track to increase their oil and gas production in Canada, rather than planning a fair transition away from fossil fuels that are fuelling the climate crisis.
The climate plans of major oil and gas companies operating in Canada rank among the worst worldwide and will accelerate the climate crisis rather than help Canada and the world limit warming to 1.5 degrees Celsius (ºC), according to a new report launched at the UN Climate Change Conference.
La Banque Postale, which is a relatively small but progressive bank in France, has set an international precedent against oil and gas expansion. The bank, which was already committed to ensuring that its banking activities achieve net zero carbon emissions by 2040, announced a complete withdrawal from fossil fuels by the 2030. Will other banks now follow?
As hundreds are arrested outside the White House demanding urgent action on our climate emergency, the World Health Organization has described climate change as the “single biggest health threat facing humanity,” and called on governments and policymakers to “act with urgency” on the climate and health crises.
Under pressure from civil society, eleven banks have now confirmed that they will no longer fund the controversial East African Crude Oil Pipeline.
Central banks could play a critical role in catalyzing the rapid shift of financial flows away from oil, fossil gas, and coal, and toward the zero-carbon solutions required to confront the climate crisis. To date, however, this is still not happening.
A great new investigation by a wonderful old colleague of mine, Antonia Juhasz for Floodlight News and the Guardian, has found that Exxon’s operations in Guyana will send more than 2 billion metric tons of carbon dioxide into the atmosphere.
A draft report from the Intergovernmental Panel on Climate Change (IPCC) states: “The worst is yet to come, affecting our children’s and grandchildren’s lives much more than our own.” It reiterates that we have to act now to avoid runaway climate change.
A new report, published today by UNEP and other environmental groups, outlines the “Production Gap”, the discrepancy between countries’ planned fossil fuel production and global production levels consistent with limiting warming to 1.5°C or 2°C.