The Netherlands just contradicted its COP26 pledge to end public finance for fossil fuels by the end of 2022 and shift this money to clean energy by issuing a commitment to insure the Brazil Santos Basin Pre-Salt Pole oil and gas production project for around USD 321 million.
Yesterday, the message from the world’s leading climate scientists was their most brutal and stark yet. It was unequivocal.
One of the leading trade associations promoting fracking in the U.S. sees Putin’s war in Ukraine as a flagrant opportunity to sell more LNG gas. And lots of it. They are calling on the U.S. to “unleash American energy’s strength and security”.
With parts of the Eastern US flooded and West burning, the Biden Administration has lost a court case, forcing it to open up 80 million acres for drilling in the Gulf of Mexico.
The Biden White House released a statement from National Security Advisor Jake Sullivan urging OPEC to increase oil production; Oil Change International experts responded.