In April, two more jurisdictions joined the growing list taking action to phase out oil and gas production. Spain’s Congress approved a new climate law that bans new licenses for oil and gas exploration and extraction as well as fracking, while California’s Governor announced that his state will end all oil extraction no later than 2045.
One thing we can count on heading into the UK-hosted COP26 is a proliferation of “net zero” emissions pledges from countries, financial institutions, and oil and gas companies. Skepticism is warranted.
Perhaps Shell was hoping its new climate announcement last week would distract attention from its recent losses in court. While Shell’s actual ambition on climate remains grossly inadequate, recent court rulings against the company could have long-lasting consequences.
We’re heading into 2021 with both new momentum for bold climate action, and jarring reminders that winning climate justice depends on defeating fascist, white supremacist movements rearing up to protect an unjust status quo.
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.