Read the latest insights and analysis from the experts at Oil Change International.
Shell, a company often vilified for being complicit in human rights abuses in Nigeria, of rampant pollution and ignoring the risks of climate change for decades, belatedly wants us to believe it is central to the climate fight.
A day after meeting big oil bosses at the White House last Friday, Donald Trump was at his usual chest-thumbing best defending an industry he loves: “I am a big believer in our great energy business, and we’re going to take care of our energy business,” he said at a press conference.
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.”
People all over the world are facing unprecedented crises from COVID-19. These tragic impacts will be the deepest in the world’s most vulnerable communities, regions and countries. IEA director Dr. Fatih Birol has urged governments worldwide to place clean energy at the heart of stimulus. Here Dr. Birol is right - but making this clean energy call count with real ambition is critical if the IEA wants to shake its reputation as a shill for the fossil fuel sector.
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.
