The outcome of the U.S. election — with power shifting from Donald Trump to Joe Biden — will have a major impact on the global climate fight and oil and gas sector, both in the U.S. and worldwide.
New analysis shows that not even one of the eight oil majors even comes close to the minimum baselines for an oil company to have the possibility of being aligned with the Paris Agreement goal to limit warming to 1.5 degrees Celsius (ºC).
As uprisings against racial and colonial violence continue to sweep the world, activists and land protectors won major victories this week against three U.S. pipeline projects, each of which depended on environmental racism and exploitation of stolen land.
As governments begin to unveil trillions of dollars in recovery support and stimulus, now is the time to break old habits – such as the USD 77 Billion in public money that the G20 is still spending annually to finance oil, gas, and coal projects.
As trillions of dollars are mobilised in stimulus and bailout packages worldwide, people and communities around the world have a chance to secure a just recovery, consistent with the ambition of the Paris Agreement, allowing us to build back better — powered by clean, renewable energy.
We are currently witnessing the chaos of an unmanaged decline of oil, with laid off workers and producing countries with the least resources to absorb the fallout paying the immediate price.
After decades of ignoring and denying climate change and undermining climate action, the fossil fuel sector’s latest ploy is how to become “part of the solution.”
As 2020 kicks off, oil majors are responding to their eroding social licence with a “high tide of greenwashing,” as AFP recently put it.
Welcome to our final OilWire of 2019! For this busy time of year, we’ve kept it to a few new headlines, from Goldman Sachs ruling out financing for Arctic oil extraction to the “f-words” finally surfacing at UN climate talks.
The Production Gap report adds a major new piece to the growing body of research showing that tackling fossil fuel production is critical to meeting the Paris goals.