Read the latest insights and analysis from the experts at Oil Change International.
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.
In the UK, despite hundreds of millions being spent and no commercial projects in operation, a further £25 billion has been promised in new subsidies for Carbon, Capture and Storage (CCS) and Hydrogen. This is greater than the supposed £22 billion black hole that the previous Conservative Government left the new Labour government. If Labour is looking for a quick fix to find money to fund the winter fuel allowance, they should scrap these wasteful handouts to the fossil fuel industry.
The current wave of carbon capture projects and government subsidies will only further entrench the fossil fuel industry and its impacts.
At the beginning of 2000s, as concerns about climate change grew, some of the biggest oil companies began to modify their climate change public relations strategies.
For weeks now, climate scientists and activists have looked increasingly aghast at the unrelenting heat and floods ravaging our baking earth. The pace and scale of the daily climate disasters have alarmed them. And our daily climate breakdown shows no sign of stopping.
It is clearer than ever that the climate crisis requires a rapid and managed phase-out of fossil fuel production. Reducing the wasteful practice of emitting methane into the atmosphere does not give the gas industry a pass. They need to clean up and wind down. And they need to start now.
For anyone in the oil and gas industry, there is only one place to be this week. The great and good of the industry has converged on Houston for CERAWeek, which bills itself as the world’s premier energy event.
