Oil Change International | Data Driven, People Powered.

Longship, Norway's flagship investment in carbon capture and storage (CCS), will be formally launched on 17th and 18th June 2025. Langskip and Northern Lights are described by the government as Norway's most important climate measures, but the truth is rather different.

Langskip, Norges storsatsing på karbonfangst og -lagring (CCS), markeres 17. og 18. juni 2025. Langskip og Northern Lights (transportløsningen for CCS) omtales av regjeringen som Norges viktigste klimatiltak, men sannheten er noe annet.

Four Global North countries - the United States, Canada, Norway, and Australia - are responsible for nearly 70% of projected new oil and gas expansion from 2025 to 2035. If this oil and gas expansion is allowed to proceed, it would lock in climate chaos and an unlivable future.

In response to the International Energy Agency (IEA)’s just-released report on the greenhouse gas emissions of liquefied natural gas (LNG), Oil Change International Research Director Lorne Stockman said: “This latest IEA report repeats the decade-old fallacy that the LNG industry is on the cusp of cleaning up its act, even though it has consistently refused to do so. The methane reductions that are supposed to result from a suite of new technologies and a slew of industry-led voluntary initiatives have failed to materialize again and again. The IEA’s own Methane Tracker data shows that the oil and gas industry’s methane emissions are massive and growing, and “have still not reached a definitive peak.” While the IEA attempts to downplay the life-cycle GHG emissions of LNG compared to coal, the IEA’s own modelling also clearly shows that there is no room for any new LNG export projects if the world is to stave off climate disaster. “The IEA estimates that 80.5 million metric tons of methane were emitted from the global oil and gas industry in 2024, while highlighting that “methane emissions are widely underreported.” In the short term (20-year equivalency), this equates to over 6.4 billion tons of CO2. This is like adding nearly 1,700 US coal plants. “It is beyond time that the IEA, the oil and gas industry, and enabling governments such as Japan and the US stop spreading misinformation about gas. The only way to reduce emissions from oil and gas, and the toxic pollution they spread into communities’ air and water, is to phase out fossil fuel production and use. We have waited too long. The planet is literally burning while the oil and gas industry fiddles.”

After two days of attempts to resolve disagreement between countries regarding the agenda for the mid-year climate negotiations in Bonn, negotiators just reached a compromise, meaning that the Bonn talks can officially kick-off.

Annual Banking on Climate Chaos reports $429 billion of 2024 dollars are to fossil fuel expanding companies; totaling $1.6 trillion to these companies since 2021

The 16th annual Banking on Climate Chaos (BOCC) report covers the world’s top 65 banks’ lending and underwriting to over 2,700 fossil fuel companies. While the world’s top scientists from the International Energy Agency (IEA) repeatedly state that there is no need for a single new oil field, tanker, pipeline, or any fossil fuel expansion whatsoever, banks ignore climate risk and increase finance for dirty energy companies expanding their sector. This is amidst a rapid retreat from climate commitments many of these banks made at COP26 in Glasgow in 2021.

New report shows that a significant share of the Norwegian population wants emission cuts to happen within Norway and that Labour Party voters are ready for a political shift in oil policy.

The UP FOR GRABS factsheet shows exactly how the United Kingdom can raise the public funds needed to pay for a fair and orderly transition of North Sea oil and gas workers as part of the green energy transition. The government could mobilise GBP 6.7 billion per year through a series of readily available measures that could fund an emergency package of support for North Sea workers.