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NEWS
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.