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.
The Guardian published new data this month that shows just how far in the wrong direction Shell and other oil companies plan to go over the next decade. The top 50 oil and gas companies are set to increase their production by 8 percent between 2018 and 2030.
From the United States to Kenya to Australia, one of the fundamental demands of the four million youth and elders who joined the global #ClimateStrike last Friday was to keep oil, gas, and coal in the ground.
Global Energy Monitor released a new report this month that unpacks the results of its survey of proposed liquefied natural gas (LNG) terminals around the world. As CNN summed it up, the results show a massive LNG buildout on a “collision course” with global climate goals.