Read the latest insights and analysis from the experts at Oil Change International.
Less than two weeks into the assault on Iran, Trump stated on social media that “the United States is the largest oil producer in the world, by far, so when oil prices go up, we make a lot of money.” Nothing says “America First” better than decimating the global economy while boasting about turning a profit.
The Iran crisis is now exposing that vulnerability in real time, as LNG prices across Asia have nearly doubled within weeks. But this isn’t just Japan’s problem. Through years of state-backed financing, Japan has exported the same risky energy model across Southeast Asia
For eight years, the International Energy Agency (IEA) has presented research indicating that oil and gas companies can reduce their prolific methane emissions cost-effectively. For eight years, oil and gas companies have failed to do so.
Wet’suwet’en First Nation hereditary leaders filed a formal complaint against the Japan Bank for International Cooperation (JBIC) for financing LNG Canada, a massive fossil gas project that depends on a pipeline built without their consent, on their unceded land. Despite these violations, the project was completed and recently began commercial operation.
While all countries agreed to transition away from fossil fuels at UN climate talks in Dubai in 2023, fossil fuel interests are peddling massive LNG expansion under the guise of fulfilling energy security needs - creating a roadblock to a just and equitable transition to renewable energy that we urgently need.
Oil Change International, frontline communities, and other partners have provided ample evidence for the need to end LNG expansion. But if we needed further evidence that permitting more US LNG export capacity is a surefire way to cook the planet, we certainly got it with the International Energy Agency’s (IEA) latest annual report.
The explosive growth of the U.S. LNG sector is harming communities' health and threatening to put our climate goals out of reach.
We have known for over a decade just how damaging fracking is to our health. But the health impacts of exporting fracked gas have often been overlooked.
Tokyo is hosting the “Japan Energy Summit” this week, from June 3-5th. Even in the hyperbolic world of high-level meetings, this summit has lofty ambitions. It promises to accelerate “Japan’s energy transition through innovation and global connections.”
Japan is continuing to drive the expansion of fossil fuels across Asia and is derailing the transition to renewable energy. This harms communities and ecosystems, undermines energy security, and worsens the climate crisis. The facts speak for themselves.
