The COP Presidency, the UK, is set to approve dozens of new oil and gas fields. Today is a day of action to stop one new field, called Jackdaw. As I write, Stop Jackdaw is trending on Twitter. So if you want to help push for real climate action, please get on the social media platform and start tweeting.
Increased recognition from governments, institutions, and even parts of the financial sector of the role of fossil fuels in climate change represents a sea change from where we were even just a few years ago. The importance of phasing out oil and gas are now featured in climate policy discussions across all sectors.
Just weeks after hosting the COP26 summit, and despite still holding the COP Presidency, Boris Johnson’s government has given the go ahead for the Abigail oil and gas field off the east coast of Scotland.
A policy brief released today by OCI and ODI shows that despite their commitment to align financial flows with climate goals under the Paris Agreement adopted in 2015, the E3F countries still provided €20 billion in export finance for fossil fuel projects abroad between 2018 and 2020.
Just days after the ending of the landmark climate talks in Glasgow, where Joe Biden promised to lead the world on climate action, the President’s administration offered the largest ever auction of Gulf of Mexico offshore drilling rights.
On Monday, Shell said it was relocating its headquarters to the UK. The move certainly seems to be about tax, but also could Shell be preventing further climate cases in the Dutch courts and putting pressure on the UK Government to approve the controversial Cambo oil field?
“After 30 years, governments finally had the guts to talk openly about the problem of fossil fuel dependence at COP26, but failed to encode a bold solution in their final outcomes.”
”Continued failure to treat climate change as the crisis it is, will condemn current and future generations to a world of untold suffering and harm. Instead, world leaders should heed young people’s urgent calls to protect their futures.”
Incremental progress is not good enough. What we need is concrete commitments to fight the climate emergency. This includes a rapid phase out of all fossil fuels through a just energy transition and revisions of national climate targets in line with the 1.5C goal.
After two weeks of negotiations COP26 comes to a close. Our experts respond to the outcomes and highlight some of the important progress that happened outside the negotiating rooms.