In anticipation of yet another announcement released by the G20 and OPEC+ today, experts at Oil Change International have issued the following statements.
The world is on track to produce about 120 per cent more fossil fuels in 2030 than would be consistent with limiting warming to 1.5 degrees, and 50 per cent more than would be consistent with limiting warming to 2 degrees.
A remarkable thing just happened in Canada’s oil patch. Tar sands producers have actually started to cut oil production in the face of growing pipeline constraints.
High level officials from Pacific Islands have called for a reining in of fossil fuel production in order to stay within the climate limits agreed to in Paris. They were joined in their call by civil society, indigenous, and academic voices. These calls echo the asks of the Lofoten Declaration, which affirms that it is the urgent responsibility and moral obligation of wealthy fossil fuel producers to lead in these efforts.
The Obama and Trudeau announcement of an oil/gas development ban in Arctic/Atlantic waters was huge, but how each country explained it reveals a major rift.