Read the latest insights and analysis from the experts at Oil Change International.
Decisions taken in response to the COVID-19 crisis today will lock in the world’s development patterns for decades. With policy decisions made on a daily basis, information about how public money is being spent can be hard to follow. That is why a consortium of 14 expert organizations came together to track energy-specific responses by G20 governments.
While COVID-19 continues to spread across the globe, our climate emergency continues to worsen. Breaking news this week from climate scientists is that we have just completed the hottest 12-month period in recorded history.
The political system is broken. There may be tens of millions people demanding a just transition, but we live in a system of embedded cronyism, that rewards people closest to those in power.
The burning, melting, warming Arctic is clearly a sign that something is wrong and we need to stop investing in fossil fuels now.
This victory comes as an enormous relief to people all along the more than 600 miles of pipeline route through West Virginia, Virginia, and North Carolina.
“Today is a historic day for the Standing Rock Sioux Tribe and the many people who have supported us in the fight against the pipeline,” said Chairman Mike Faith of the Standing Rock Sioux Tribe. “This pipeline should have never been built here. We told them that from the beginning.”
"Shell has been a leader in peddling the gas myth for a decade or more, and it’s now clearer than ever that gas is over-supplied, over-hyped, and out of time.”
If the IEA is serious about helping governments sustainably tackle interlocking economic and climate crises, they have one more chance to prove it with their data: by making a 1.5-aligned energy pathway central to the 2020 World Energy Outlook.
“We will not stand by as law enforcement and a toxic chemical company from Taiwan attempt to scare, silence, and intimidate us. We will not be silent.”
A report from the financial auditing firm Deloitte says the “reality is that the shale boom peaked without making money for the industry in aggregate. In fact, the US shale industry registered net negative free cash flows of $300 billion, impaired more than $450 billion of invested capital, and saw more than 190 bankruptcies since 2010.”
