Cyclone Amphan hits India & Bangladesh, already struggling with COVID-19
As I write, the strongest storm ever recorded in the Bay of Bengal has just made landfall in India and Bangladesh.
Read the latest insights and analysis from the experts at Oil Change International.
As I write, the strongest storm ever recorded in the Bay of Bengal has just made landfall in India and Bangladesh.
OCI is producing weekly news and resources updates for allies as part of our response to the COVID-19 crisis.
So the public want change for a post-COVID-19 future, towards a cleaner, fairer, greener society. Whereas politicians want to remain stuck in our polluted past. It is time to make our voices heard.
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."
OCI is producing weekly news and resources updates for allies as part of our response to the COVID-19 crisis.
As we transition out of the pandemic we need to transition out of fossil fuels too. We have the science. We have the knowledge. We have the expertise. And now we have to change.
Whereas the oil majors are pulling back their shale operations, others though are looking to expand in US shale.
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.
OCI is producing weekly news and resources updates for allies as part of our response to the COVID-19 crisis.
There is no doubt we are at a historical moment with the industry in deep structural and financial trouble and where a post-COVID-19 recovery could see a radical shift away from oil and into a just transition into renewables. But will that happen?