Read the latest insights and analysis from the experts at Oil Change International.
There is an unfolding “ecological disaster” off the southern Californian coast after an estimated 144,000 gallons of oil spilled onto Huntington Beach due to a pipeline failure over the weekend.
The Parliament election in Norway, Europe’s largest oil and gas producer, ended up securing support for a shift in Government, from today's Conservative-coalition government to a Labour-coalition government. Talks and negotiations are happening over the next weeks, and one of the biggest issues is the future of the Norwegian oil and gas industry. Will Norway's new government pass a more restrictive oil and gas policy?
With only six months left till COP26, the UK host has work to do. Ending public finance for fossil fuel projects overseas shows potential, but the UK’s lack of action on fossil fuels domestically risks undermining its credibility.
On November 10, 1995, Ken Saro-Wiwa and eight other Ogoni activists — Saturday Dobee, Nordu Eawo, Daniel Gbooko, Paul Levera, Felix Nuate, Baribor Bera, Barinem Kiobel, and John Kpuine — were hanged by the Nigerian dictatorship in Port Harcourt. Their only crime? Exposing the devastating impact that Shell Petroleum Development Company’s extraction of fossil fuels from the Niger Delta had on the Ogoni land, lives, and livelihoods.
Export Development Canada (EDC), Canada’s government-backed export credit agency, has long been one of the worst in the world when it comes to backing the fossil fuel industry with public money. Their new climate policy opens the door for meaningful change, but the initial targets are far too weak to get the job done.
The current crisis is a clear warning sign that, if governments leave the “when” and “how” of the end of oil and gas up to tumultuous markets, the outcome will not be good for either people or the planet.
OCI is producing weekly news and resources updates for allies as part of our response to the COVID-19 crisis.
You cannot underestimate that seismic shift going on as investors, often drunk on big oil profits, now just face uncertainty and loss. The oceans are awash with bobbing tankers full of oil, with no market to sell them. The industry is paralysed by the pandemic.
