Wrong again API! A Paris-aligned scenario means less oil and gas
The American Petroleum Institute (API) falsely claims that oil and gas will be leading energy sources in 2040, even in a Paris-aligned scenario. We show how API gets it wrong.
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 American Petroleum Institute (API) falsely claims that oil and gas will be leading energy sources in 2040, even in a Paris-aligned scenario. We show how API gets it wrong.
The API claims gas is the main reason US power sector emissions are down. Our latest analysis shows it's not.
The letter calls on Brown and the state "to become the first major fossil fuel producer to begin a managed and just transition off oil and gas production."
This ninth annual fossil fuel finance report card grades banks on their policy commitments regarding extreme fossil fuel financing and calculates their financing for these fuels from 2015 to 2017. The report also assesses the shortcomings of the Equator Principles for ensuring banks respect human rights, and Indigenous rights in particular.
Instead of funding clean energy solutions, G20 governments and multilateral development banks still overwhelmingly fund the problem, averaging nearly $72 billion per year in public finance for fossil fuels compared to less than $19 billion per year for renewable energy.
The question now becomes: What does the path from here to zero carbon look like? Is it ambitious enough to avoid locking in emissions that we can’t afford? Is it intentional enough to protect workers and communities that depend on the carbon-based economy that has gotten us this far? Is it equitable enough to recognize that some countries must move further, faster? And is it honest enough about the reality that a decline of fossil fuels is actually a good thing?
Each year, G20 countries provide nearly four times more public finance to fossil fuels than to clean energy. In total, public fossil fuel financing from G20 countries averaged some $71.8 billion per year, for a total of $215.3 billion in sweetheart deals for oil, gas, and coal over the 2013-2015 timeframe covered by the report. Fifty percent of all G20 public finance for energy supported oil and gas production alone.
Government handouts to boost BP's private profits massively exceed the firm's sponsorship of the arts – it's time to cut these dirty ties once and for all.
As part of a series of briefings on proposed Appalachian gas pipelines, Oil Change International's new analysis finds that the PennEast Pipeline would result in the emissions equivalent the 14 coal plants, or 10 million passenger vehicles.
Dakota Access should be stopped immediately for a long list of reasons. But we must also stop billions of taxpayer dollars from flowing to fossil fuels.