Read the latest insights and analysis from the experts at Oil Change International.
We are now one hundred and ten days since the start of Vladimir Putin’s bloody brutal war on Ukraine. Since the invasion the global energy market has been largely turned on its head, as old certainties of supply have been ripped up.
A new investigation by Global Witness has examined Shell’s landmark Quest CCS project in Canada, which captures the CO2 from the company's dirty tar sands operations. According to Global Witness, the Quest plant “is in fact emitting more than it is capturing.”
Last year the world’s leading climate scientists, the IPCC, issued a “code red” for humanity and outlined how we had to stop oil and gas drilling if we wanted a liveable future. But still we drill. Take three countries who like to see themselves as climate leaders...
President Biden has continued to approve fossil fuel expansion in recent months, while pointing to Congress to excuse the United States’ lack of climate ambition and espousing false solutions like carbon capture and “net zero” plans that perpetuate fossil fuel destruction and environmental racism.
Tomorrow evening, our colleagues at PlatformLondon will be hosting an online global arts event in collaboration with MOSOP (Movement for the Survival of the Ogoni People), Shake! And Virtual Migrants, to not only celebrate the Ogoni 9, but also for people to hear from other frontline environmental defenders from key battles against the oil industry. It promises to be an inspirational evening.
A new analysis from Bailoutwatch concludes that "fossil fuel companies participated in the government’s Paycheck Protection Program to bail out small businesses at far higher rates than companies in other key sectors".
OCI is producing weekly news and resources updates for allies as part of our response to the COVID-19 crisis.
The Canadian Green Party's parliamentary leader, Elizabeth May, said last week: "My heart bleeds for people who believe the sector is going to come back. It's not. Oil is dead and for people in the sector, it's very important there be just transition funds."
It would make a great April Fools joke. Investing $5 billion in a product that is nearly worthless in the middle of a global pandemic, which puts communities and construction workers at risk. Make sense to you? No, of course it doesn’t. You would reply: “Don’t be so stupid! That must be a joke.”
Warren Mabee, the director of the Institute for Energy and Environmental Policy at Queen’s University, said he "wouldn’t be surprised if Canadian crude prices briefly go negative - a scenario where producers are paying people to take away product.”
