Oil Change International publishes upwards of 20 reports and briefings every year focused on supporting the movement for a just phase-out of fossil fuels.
The latest climate science and rapidly changing energy markets indicate the need to rapidly shift away from fossil gas, yet the IEA mistakenly presents gas as compatible with a decarbonized future. This policy brief brings together the latest energy market research with the need for reform of the World Energy Outlook.
The IEA scenarios — including the Sustainable Development Scenario (SDS) — fall short of the Paris Agreement goals and therefore don’t actually answer the question investors are asking, namely: are companies prepared for a world that takes the Paris Agreement seriously? The SDS is not providing an effective stress test, nor a useful guide to how things may change.
New analysis finds that Canada will be the world’s second highest contributor of new oil production globally over the next twenty years if action isn’t taken to halt new tar sands pipelines and production growth. Once extracted, much of this oil will be burned, pushing global temperature limits over the brink.
