Report: U.S. crude exports increased nearly 600% from 2015-20, driving 135% increase in Permian oil production

December 1, 2021By Oil Change InternationalFeatured, Press Releases, Stopping Carbon Lock-In 1 Comment

The latest installment reveals that while Permian oil production grew 135% from 2015 to 2020, U.S. oil consumption was stagnant. The spread of pipelines, export terminals, tank farms and petrochemical facilities across the Gulf Coast intensified environmental injustice in the region, and was driven by oil, gas and petrochemical exports, not rising U.S. demand.

Report: Oil production in the Permian Basin expected to increase 50% over the next decade

November 9, 2021By Oil Change InternationalBlog Post, Featured, Press Releases, Stopping Carbon Lock-In

The report additionally reveals that burning the oil and gas projected to be produced in the Permian Basin by 2050 will release nearly 40 billion tons of CO2, almost 10% of the remaining global carbon budget for staying under 1.5°C. 80% of these emissions, over 30.6 billion tons of CO2, would come from burning the liquids and gas produced from new wells that were not in production at the end of 2020, signaling an urgent need — but an opportunity — for President Biden to immediately deny new oil and gas infrastructure permits.

Campaigners: G20 financial and political support for fossil fuels rises amidst COVID-19 crisis

July 15, 2020By Oil Change InternationalBlog Post, News, Press Releases, Stop Funding Fossils 1 Comment

Grassroots campaigners at a press briefing yesterday said political leaders are failing to ensure a just and sustainable recovery, as new data shows that the world’s 20 richest countries have committed more than USD 150 billion of public money to support fossil fuels since the start of the COVID-19 crisis.