Read the latest insights and analysis from the experts at Oil Change International.
Rather than fund a just transition, the Canadian government is “preparing a multibillion-dollar bailout package for Canada’s oil and gas sector that is expected to be unveiled early next week”.
A new report highlights how 35 leading global banks have provided a staggering USD $2.7 trillion to fossil fuel companies since the Paris Agreement in 2015.
Some 30 young South Koreans are suing their Government, claiming that their parliament’s “recent revision to the nation’s climate-change law doesn’t go far enough to protect their future.”
Instead of responding responsibly to the climate crisis, the chief climate denier in the White House, Donald Trump, continues to promote the fossil fuel industry. And even worse, he wants to bail out his fossil fuel friends in response to the rapidly declining oil price.
“Shell’s concern, deeper than its fossil-fuel identity and more urgent than the climate crisis, is Shell. I don’t believe it’s going to lead us to the Paris climate goals, and Shell probably doesn’t believe it will either.”
We must fight climate denial with a new energy and vigor. In this new decade, we must ensure that the deniers’ day is finally done. As Greta Thunberg and the millions of young climate activists demand every week: it is time to listen to the science.
Yesterday, the High Court in London ruled that highly controversial plans for a third runway at Heathrow airport were “illegal”, due to the fact that the British Government had not adequately taken climate change into account when approving the runway.
The Norwegian company, Equinor, has announced it was abandoning plans to drill for oil in the highly ecologically sensitive, Great Australian Bight, which has been a battleground between conservationists and the industry for years.
This is what climate momentum looks like. Teck Resources has just withdrawn its C$20 billion application to build what was the largest ever tar sands mine in northern Alberta.
According to the Star newspaper, a federal Canadian corporation might lend money to support the highly controversial Coastal GasLink pipeline, with a decision expected next week.
