THE BIG PICTURE



September saw a landmark political development with Denmark and Costa Rica announcing they will form the Beyond Oil and Gas Alliance (BOGA). The diplomatic initiative will bring together countries and jurisdictions that have ended licensing for new oil and gas exploration and production and are setting an end date for their production. The official launch, announcing further details and potentially further governments that have joined, will happen at November’s COP26, in Glasgow.

Civil society around the world applauded the move. BOGA is the first diplomatic initiative acknowledging the need for governments to manage the phase out of fossil fuel

THE BIG PICTURE



November’s global climate summit in Glasgow, Scotland, less than 90 days away, will reveal a lot about the sincerity of countries’ and companies’ net zero or other climate pledges. For example, will they heed the science, recently underlined by the International Energy Agency (IEA), that new fossil fuel extraction projects are incompatible with limiting global warming to 1.5 degrees Celsius (ºC)?

In response to public pressure, the Canadian province of Québec recently showed this type of leadership, rejecting a CAD 14 billion LNG project that would have enabled exports of fracked fossil gas from British Columbia and Alberta to international markets.

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