The International Energy Agency (IEA) released its 2022 World Energy Outlook (WEO), underscoring that accelerating investment in clean energy and efficiency, not new fossil fuels, is the answer to both climate and energy security crises. In a marked shift for the IEA, WEO 2022 essentially declares an end to the ‘golden age of gas,’ as a result of the current energy crisis cementing an economic case against gas expansion, on top of the clear climate case.
Since May 2021, Shell has expressed interest to develop ten new oil and gas extraction assets, which could lock in additional CO2 pollution (325 million metric tonnes) two times greater than the Netherlands’ total CO2 emissions in 2021.
Despite the ongoing climate crisis, Shell continues to develop new oil and gas assets. Since the Dutch court ruling in May 2021, Shell has made definitive investments in 10 assets, which once burned will result in 325 million metric tonnes of CO2 emissions. Shell also co-owns more than 750 untapped oil and gas assets, which would amount to 4.3 billion metric tonnes of extra CO2 emissions, 30 times more than the total emissions from the Netherlands in 2021.
A group of 13 environmental and community leaders are calling on the Senate to reject Senator Manchin’s proposal to undermine environmental and community review and fast-track oil, gas, coal and mining projects.
“All Congress members should speak out publicly to stand with frontline communities and reject Joe Manchin’s dirty deal,” said Collin Rees.
“The Inflation Reduction Act has come at a tremendously high price that will be disproportionately paid by Black, Indigenous, family farming, people of the global majority, and working-class communities. We cannot afford additional giveaways to the fossil fuel industry in a deal that Democratic Leaders negotiated with Senator Manchin.”
“Biden’s climate legacy hangs in the balance — we need bold leadership, not tinkering around the edges. Declaring a climate emergency would make it clear that Biden views the climate crisis as an existential threat and unlock key powers to tackle climate change head-on and hasten a just transition to clean, renewable energy,” said Rees.
“We can’t transition away from fossil fuels by locking in five more years of deadly extraction, and Biden can’t claim to care about environmental justice while forcing oil and gas drilling on already burdened communities,” said Collin Rees.
“The EU’s new international energy strategy is woefully inadequate and would lock in decades’ more extraction of deadly gas and oil,” said Collin Rees.
“The only effective response to today’s compounding crises is for global leaders to support the efficiency and clean energy solutions that can replace these dirty fuels and eliminate the need for any new LNG infrastructure,” said Laurie van der Burg.