Today, a few days after a high level event (1) organized by the Beyond Oil and Gas Alliance (2) on the margins of the UN General Assembly in New York, civil society organizations launch a position paper urging the coalition and its members to deliver on commitments to promote a global phase out of oil and gas production, and turn aspirations into bold and ambitious climate action in line with equity, justice, and science.
COP26
Response: The UK’s decision to lift its fracking ban flies in the face of climate science and will not solve its energy crisis
Contacts Nicole Rodel: nicole [at] priceofoil.org Silje Lundberg: silje [at] priceofoil.org Today, Prime Minister Liz Truss announced the reversal of the UK’s fracking ban, despite advice from the government’s own advisors that such a move will not help lower energy bills or support long-term energy security. The decision to remove the moratorium on fracking, which … Read More
As G7 backslides over fossil fuel pledges, new research shows gas is not the answer to our climate and energy security crisis
With hundreds of millions of people across the word suffering from the fallout of higher energy prices and a cost of living crisis caused by Russia’s deadly war on Ukraine, this week’s G7 summit was the perfect opportunity for the world’s most powerful politicians to show clear compelling leadership.
UK windfall tax incentivizes oil drilling: a climate “wrecking ball”
The UK Government’s windfall tax on oil companies, announced yesterday, will actually incentivise oil and gas drilling and “wreck” the UK’s climate targets.
#StopJackdaw: Climate activists are trying to stop UK Gov from expanding oil and gas drilling
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.
The fossil fuel industry continues to block progress on climate, but there are signs of hope
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.
Despite still holding the COP Presidency, UK Government approves new oil field
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.
New research: E3F countries need to shift their EUR 20 billion in export finance for fossil fuels to renewables
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.
Biden Admin holds huge Gulf of Mexico drilling auction as BC issues emergency due to flooding
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.
Days after COP climate summit ends, Shell relocates HQ to London
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?