2021: A momentous year for oil and gas supply The last 12 months have been a breakthrough year on the issue of oil and gas production. Reports like the International Energy Agency’s that found there should be no new oil and gas projects, important government and private sector announcements to curb production, along with numerous … Read More
OilWire #36: COP26: A breakthrough on oil and gas?
THE BIG PICTURE For all the hype going into COP26 in Glasgow, many of us around the world feel badly let down as once again as many key voices were excluded and the decisions failed to adequately address the scale of the crisis, especially for those in the most vulnerable countries. Despite these frustrations, COP26 … Read More
Oilwire #35: Oil and gas phaseout on the agenda ahead of COP26
THE BIG PICTURE As COP26 fast approaches, the increasingly urgent need to phase out oil and gas production was brought into sharp focus again this month by the annual release of two major reports. First out of the gate, the International Energy Agency (IEA) published the stark conclusion that there is no room for new … Read More
OilWire #34: Beyond Oil and Gas Alliance launches
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. … Read More
OilWire #33: Past time to step off the gas
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 … Read More
OilWire #32: More than a ‘bad day’ for Big Oil?
This final nail in the Keystone XL pipeline’s coffin is a tremendous victory for all the Indigenous communities, landowners, farmers, ranchers, and climate activists along its route and around the world who have fought this project for over a decade.
OilWire #31: ‘Net zero’ producers do not exist
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.
OilWire #30: ‘Colossal failure’ of leadership = UK oil and gas expansion
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.
OilWire #29: Shell loses in court (and its climate plan still = failure)
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.
OilWire #28: Denmark leads oil phase-out. Will the U.S. follow?
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.