Research

US non-profit Ceres has produced a paper aimed at explaining actions that oil and gas exploration and production companies (E&Ps) can take to reduce their emissions. It is also supposed to provide useful information on climate alignment to the sector’s investors and bankers. The paper suffers from a number of alarming weaknesses which threaten to reverse progress on setting standards for net-zero finance. Consequently, Reclaim Finance, Oil Change International, urgewald, CIEL, and Stand.Earth have jointly published this analysis in response.

Our new report finds that Cheniere’s new lifecycle emissions tags appear to be pinned to a misleading methane emissions analysis that woefully undercounts actual leakage volumes.

Building Keystone XL will actually create a surplus of heavy oil on the Gulf Coast and force Canadian producers to regularly export their dirty oil into the world market. It is therefore clearer than ever that Keystone XL will facilitate more tar sands production and the increased Greenhouse Gas pollution that goes with it. Building the pipeline will clearly not meet the criteria of no significant increase in carbon emissions set by President Obama. The sooner that Democrats and Republicans wake up to the fact that Big Oil works only in its own interest and not in the national interest, the sooner we may start to move towards the clean energy future we so desperately need.

The Keystone XL Pipeline's social cost of carbon could be as much as $100 billion per year. Until government agencies properly account for the cost of climate change caused by major fossil fuel infrastructure, projects like Keystone XL will continue to impose disproportionate costs on society.

New data reveals that a full 60 percent of gasoline produced at Keystone XL refineries was exported.

In the world today, global warming is our collective cancer, and despite dire and clear warnings, the oil industry is still smoking away. The best climate science in the world tells us that in order to avoid the worst impacts of climate change, we need to limit global warming to no more than 2 degrees Celsius.  But the amount of new oil production the industry is bringing online over the next eight years is exponentially more than we can afford to burn and stay under two degrees.  We simply cannot afford to burn all the oil that the industry is capable of producing over the next few years, and in the long term.