Read the latest insights and analysis from the experts at Oil Change International.
This is a crossroads. The fires, the floods, the heat, the melting tell us how urgent it is. But the financial and industry news tells us that urgency has somewhere to go: to push harder to defang and dismantle the fossil fuel industry, and to protect communities along the way.
The oil industry maybe dying, but it will still pollute us for decades after its death.
The deadly future that scientists warned us about is here. For years, climate scientists modeled how if we made the earth hotter, that heat had consequences. Unrelenting heat dries vegetation and makes it more likely to burn. It warms the oceans, increasing the fuel available for tropical cyclones.
Large parts of the American West are currently on fire. Hundreds of homes have been destroyed. At least seven people are dead in different states. An unknown number are missing. Tens of thousands remain under evacuation orders.
The signs are ominous as yet another climate record is reached. California is once again burning. From near the southern Mexico border, to San Diego and the forests of the Sierra Nevada over two million acres of the sunshine state were on fire yesterday.
The British Government, as hosts of COP26, had an opportunity to show real climate leadership and start a just transition away from fossil fuels. But they just offered over 100 drilling licenses
The once mighty Exxon has just suffered the corporate humiliation of being booted out the highly influential Dow Jones Industrial Index.
As we have been repeatedly saying for months, we are witnessing the end of the oil age. Even once great giants are now crumbling at their core.
Divesting from fossil fuels and ending environmental racism goes hand-in-hand with defunding the police in the fight for racial justice and reinvestment in Black and Brown communities.
A new report argues that "widespread deception by fossil fuel executives regarding the financial risks of climate change, represents a ticking time bomb that, if not addressed, could contribute to worldwide economic devastation.”
