Study: Existing oil, gas, and coal extraction sites need to be closed down to stay within 1.5C, findings show

May 17, 2022By OCI TeamBlog Post, News, Press Releases

A new peer-reviewed study published in Environmental Research Letters finds that existing oil, gas, and coal extraction sites need to be closed down to stay within 1.5C. The study, led by researchers at Oil Change International and the International Institute for Sustainable Development, finds that nearly 40% of developed fossil fuel reserves need to stay in the ground to keep the 1.5°C limit in reach.

Will Norway’s new government act on the need to phase out oil and gas?

September 16, 2021By Silje LundbergBlog Post, Global Policy, News

The Parliament election in Norway, Europe’s largest oil and gas producer, ended up securing support for a shift in Government, from today’s Conservative-coalition government to a Labour-coalition government. Talks and negotiations are happening over the next weeks, and one of the biggest issues is the future of the Norwegian oil and gas industry. Will Norway’s new government pass a more restrictive oil and gas policy?