“Sacrificing millions of acres in the Gulf of Mexico for oil and gas extraction is a gross denial of reality by Joe Biden in the face of climate catastrophe,” said Collin Rees.
Oil
Sky’s Limit Data Update: Shut Down 60% of Existing Fossil Fuel Extraction to Keep 1.5°C in Reach
This new analysis, an update to the data in our landmark Sky’s Limit series, finds that the majority of the fossil fuel reserves within active fields and mines must now stay in the ground. Using updated 2023 data, the proportion of coal, oil, and gas reserves that must remain unextracted to meet the 1.5°C limit has increased from nearly 40% in 2018 to almost 60% in 2023.
Civil Society groups call on Toronto Stock Exchange to block share listing for Reconnaissance Energy Africa Ltd’s controversial activities in Namibia and Botswana
A coalition of civil society groups from Canada, the USA, and Namibia, has today called on the Toronto Stock Exchange Venture Exchange TSXV to deny regulatory approval to a new share listing by ReconAfrica.
Big Oil Reality Check 2023 — An Assessment of TotalEnergies, Eni, and Equinor’s Climate Plans
These briefings reveal that Total, Eni, and Equinor are on the cusp of approving a surge of new oil and gas development. If they proceed with all the projects in their anticipated pipeline for 2023, Eni could rank as the world’s third worst oil and gas expander this year and Equinor as the world’s eighth worst by the total volume of new reserves approved for extraction.
Changing the Trade Winds: Aligning OECD Export Finance for energy with climate goals
New research shows that Organisation for Economic Co-operation and Development (OECD) countries supported fossil fuel exports by an average of USD 41 billion from 2018-2020, almost five times more than clean energy exports ($8.5 billion).
Biden breaks major G7 climate promise by financing Indonesian oil refineryÂ
“Biden’s claims to be a climate leader are increasingly laughable after EXIM’s approval of this refinery. If he can’t be trusted to keep this relatively modest promise, how can anyone trust the United States to live up to its even grander climate promises?” asked Adam McGibbon.
Oil and Gas Industry Captures UN Climate Process: UAE COP28 Presidency Undermines Climate Action
“As we feared and expected, the UAE Presidency of COP28 is putting the interest of the oil and gas industry above those of the climate process it is supposed to shepherd,” said Romain Ioualalen.
New Report: Certified Gas and Project Canary Threaten Global Climate Goals
Our new report shows that certified gas programs are likely highly unreliable and ineffective, resulting in increased threats to health and climate from the oil and gas industry.
Certified Disaster: How Project Canary & Gas Certification Are Misleading Gas Markets & Governments
A new report by Oil Change International and Earthworks examines the rapid growth in “certified gas” and exposes on-the-ground failures to detect oil & gas pollution by one of the largest certifiers of methane gas.
Banking on Climate Chaos 2023: Fossil Fuel Finance Report
This report, Banking on Climate Chaos 2023, analyzes fossil fuel financing and policies from the world’s 60 largest commercial and investment banks. We reveal that fossil fuel financing from the world’s 60 largest banks has reached nearly USD $5.5 trillion in the seven years since the adoption of the Paris Agreement, with $673 billion in 2022 alone.