Big Oil Reality Check 2023 — An Assessment of TotalEnergies, Eni, and Equinor’s Climate Plans

May 25, 2023By OCI TeamBriefings, Featured, News

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.

New Report: Canadian Bank RBC the #1 Financier of Fossil Fuels, World’s Biggest Banks Continued to Pour Billions into Fossil Fuel Expansion

April 13, 2023By OCI TeamFeatured, News, Press Releases 1 Comment

In the seven years since the Paris Agreement was adopted, the world’s 60 largest private banks financed fossil fuels with USD $5.5 trillion. The report lays bare the shocking fact that even as fossil fuel companies made $4 trillion in profits in 2022, banks still provided $673 billion in financing. Remarkably, this happened while oil majors like Exxon Mobil and Shell PLC asked for $0 financing from banks in 2022.

Release: Shell snubs climate case verdict and continues drilling for more

September 30, 2022By OCI TeamFeatured, News, Press Releases

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.

From Creation to Delivery: How the Beyond Oil and Gas Alliance and its members can catalyze climate action in an era of energy upheaval and escalating climate impacts

September 21, 2022By nicoleBriefings, Global Policy 1 Comment

This paper outlines priorities for the Beyond Oil and Gas Alliance (BOGA) and its members that were identified by civil society groups to turn what has remained a largely aspirational diplomatic initiative into a force for increased climate action in line with equity, justice, and science.

Position paper: CSOs urge the Beyond Oil and Gas Alliance to deliver on real climate leadership

September 21, 2022By nicoleGlobal Policy, Press Releases

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.