The glossy website for the African Oil Summit in London last week called the event “Africa’s premier global energy conference”. Partners included some of the biggest international oil companies such as BP, Shell, Eni, E.on and Total.
A Go Fund Me page has been created to help the widows of four Ogoni whose husbands were murdered by the Nigerian military back in 1995, along with the writer Ken Saro-Wiwa. The widows finally gave up their decades-long legal struggle against Shell last year and are in desperate financial straits. Please help them.
The new briefing, titled ”Investing in Disaster”, exposes the countries and companies that have approved the most new oil and gas extraction in 2022, and that could be responsible for major expansion through 2025.
The briefing reveals that new oil and gas production approved to date in 2022 and at risk of approval over the next three years could cumulatively lock in 70 billion tonnes (Gt) of new carbon pollution. This is equivalent to almost two years’ worth of global carbon emissions from energy at current levels, 17 percent of the world’s remaining 1.5°C carbon budget, or the lifecycle emissions of 468 coal power plants.
Its that time of year again with the annual UN climate meeting, called the conference of the Parties, or COP, just a couple of weeks away. This year’s meeting, COP27, will take place from 6-18 November 2022 at the luxury resort of in Sharm el-Sheikh in Egypt.
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.
This morning in the luxurious Plaza Hotel in Brussels, many of the world top oil firms assembled for a conference on “Go Net Zero Energy.” But newly released internal documents reveal that Big Oil messaging on climate change and net zero are based on spin and “deception”.
The history of Shell on the African continent is wrapped in a vortex of controversy that stretches back decades. However, last week, in a significant victory, a High Court in South Africa ruled that Shell’s exploration right to conduct seismic surveys on the so-called “Wild Coast” of the country was granted unlawfully.
The amounts are obscene. They are mindboggling. This is profit-making like you have never seen it before. It is also profiteering from war or price goughing at our expense. Big Oil is making billions off the misery of millions.