Oil and gas news & insights: Week of April 13
OCI is producing weekly news and resources updates for allies as part of our response to the COVID-19 crisis.
Blog
Read the latest insights and analysis from the experts at Oil Change International.
To advise on green stimulus, the IEA needs to upgrade its own climate toolbox
A toolbox isn’t very helpful if even the best tool in it only gets you halfway to the repair you need to make. As the IEA prepares a special report on economic recovery, it must close its own climate credibility gap.
Trump’s loosening of environmental rules amid pandemic are “increasing risk of death in COVID-19 patients”
By all accounts Trump’s handling of the Coronavirus pandemic has been a disaster for months.
Due to lack of oversight, methane emissions “could actually increase during pandemic”
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.
Big Oil bosses to meet Trump demanding further financial support & deregulation
Later today, U.S. President Donald Trump is set to meet with at least seven senior oil executives in person at the White House to discuss the historic plunge in the oil price.
Not an April Fool’s: Canadians to fund USD $5 billion KXL pipeline in middle of global pandemic
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.”
Canadian crude selling for “roughly the same price as a Big Mac”
Warren Mabee, the director of the Institute for Energy and Environmental Policy at Queen’s University, said he "wouldn’t be surprised if Canadian crude prices briefly go negative - a scenario where producers are paying people to take away product.”
Stimulus Package: no Green New Deal & potential “massive payouts” for Big Oil
Later today, the Senate is set to vote on an unprecedented $2 trillion bi-partisan stimulus package that is designed to try and prop up a creaking American economy, which has been brought to a juddering halt by the Coronavirus.
Our Statement on the Ongoing COVID-19 Pandemic
We are in the midst of a global crisis. COVID-19 has put the health, livelihoods, homes, and safety of billions at risk. At Oil Change International we are reorienting our work at this critical time to respond to the needs of this moment.
Putting clean energy stimulus at the heart of IEA analysis?
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.