It is a gruesome milestone. A year after Russia’s brutal and bloody invasion of Ukraine, the ripples of war have spread across the globe. Tens of thousands of civilians have been killed, along with over a hundred thousand Ukrainian and Russian soldiers.
There are many winners and losers in war, but one of the biggest winners has been the U.S. LNG (Liquified Natural Gas) industry.
Just as the U.S. oil and gas industry is looking to exploit the Ukraine war to expand exploitation of shale gas, so too is the European shale gas industry.
One of the leading trade associations promoting fracking in the U.S. sees Putin’s war in Ukraine as a flagrant opportunity to sell more LNG gas. And lots of it. They are calling on the U.S. to “unleash American energy’s strength and security”.
Just eight of the world’s biggest energy companies helped enrich Vladimir Putin’s war chest to the tune of $95.4 billion (USD) in the seven years after Russia annexed Crimea.
Over 200 progressive groups sent a letter to the White House urging President Biden to resist Big Oil and invoke the Defense Production Act in order to ramp up the deployment of renewable energy to transition the world off the fossil fuels that are leading to global instability.
The solution to both the US and UK decisions to stop importing Russian oil and gas is not to drill for more oil, either in the US or UK – something the fossil fuel industry and its supporters are already arguing. It is to invest in renewables and alternatives such as heat pumps and weatherization.
For decades Big Oil courted Putin and helped him exploit Russia’s vast reserves. Big Oil poured billions into Russia’s war chest with devastating consequences.
Oil Change International is horrified by Russia’s war against Ukraine. We strongly condemn Russia’s military aggression. Our heart goes out to the people of Ukraine and people across the region who continue their human rights, climate and social justice work in these dangerous circumstances, including in Russia.
Twice as many Americans want climate action, not war. It is that simple.