Head of O&G Mike Coffin: "our new scorecard enables investors to assess #oilandgas companies’ actions relative to peers & to ask tough questions of company leadership on the realities of the #EnergyTransition & addressing #ClimateChange” theguardian.com/us-news/2024/m… #CERAWeek

The oil & gas industry faces a moment of truth. It must choose: keep contributing to the climate crisis or embrace the shift to clean energy. Its efforts to date aren’t encouraging. It accounts for only 1% of global clean energy investment → iea.li/3PBSMC6

❗️NEW ANALYSIS reveals that many big #OilAndGas producers increased #FossilFuel outputs in the 7⃣ years after the #ParisAgreement. Producers need to scale up innovation & early-stage #JustTransitions, not ramp up oil & gas, as OGT research shows: oilandgastransitions.org

As #JustTransitions are applied "in country after country and sector after sector, it’s clear that the fairness of the transition has to be got right and people have to be at its heart."🤝 Read more about the vital, but often neglected, principles of energy transitions 👇

Have you read this brand new report from Oil Change International and Friends of the Earth (Action)? Let us know your thoughts!

🔴 Biggest North Sea oil find in decades to be drilled for first time telegraph.co.uk/business/2024/…

⚠️ #SouthAfrica has proposed plans to 📈 gas-fired power, but this risks ⬆️ dependence on fossil fuels & exposure to volatile markets. With the price of renewables ⬇️ 77% since 2011, 🇿🇦 must shift focus. A new IISD report outlines a way forward. 👇 iisd.org/story/south-af…

#China can achieve its #climate goals but the impacts of its #EnergyTransition on the economy will depend on choices about power sector reform.🏭 Dive into the details in EEIST’s latest report.⬇️ eeist.co.uk/power-sector-f… University of Exeter

It's #UNGASustainabilityWeek! The 🌏 has passed the halfway point on the #SDGs but current policies will not be enough to limit warming to 1.5°C. Take a look as we put the spotlight on energy (#SDG7) & climate action (#SDG13). 👇 🧵1/4

📢With its vote for the EU 🇪🇺 to leave the #EnergyCharterTreaty, European Parliament underlines that granting #fossilfuel companies privileged access to #ISDS is fundamentally incompatible with #climateaction. IISD' Lukas Schaugg in Guardian Environment 👇 theguardian.com/world/2024/apr…

The UK Government has granted hundreds of new exploration licences for #NorthSea #oil and #gas, and plans to continue granting more - why, and what does this mean for #netzero? Our own Paul Ekins explains in a new article with the Grantham LSE. Read now ➡️ lse.ac.uk/granthaminstit…?

New research finds that major emitters ‘may retain or expand’ #FossilFuels despite #NetZero plans. This is based on an analysis of 71 long-term national #climate strategies. carbonbrief.org/major-emitters… Cell Press Harry Smith Nem Vaughan Johanna Forster

Momentum grows as country number 13 calls for a Fossil Fuel Non-Proliferation Treaty Initiative negotiating mandate! This critical move recognizes that ongoing fossil fuel extraction clashes with the 1.5°C limit, a limit that aims to ease the devastating climate impacts on SIDS. ➡️ fossilfueltreaty.org/rmi

A thing that is often overlooked in the climate debate is that #G7 countries produce 1/3 of the world's oil and gas. Without a G7 plan to end fossil fuels at home and abroad, the #COP28 pledge will remain words on paper. Oil Change International priceofoil.org/walk-the-talk/

📣 António Guterres on #WorldEnvironmentDay‌ “Economic logic makes the end of the fossil fuel age inevitable. The only questions are: Will that end come in time? And will the transition be just? We must ensure the answer to both questions is: yes” webtv.un.org/en/asset/k1o/k…

North Sea oil decline: ‘We can’t have a repeat of what happened to 80s miners’ - Unions & climate groups call for ‘clear & funded’ transition plan for communities reliant on dwindling industry Story by Matthew Taylor Helena Horton & Jillian Ambrose theguardian.com/environment/ar…

BP has predicted that the world’s demand for oil will peak next year, bringing an end to rising global carbon emissions by the mid-2020s amid a surge in wind and solar power. 👇👇👇

The other #petrostates - US, Canada, Norway, UK and Australia - often portrayed as climate leaders, these are responsible for two-thirds of all new oil and gas licences issued globally since 2020 #ClimateCrisis Story by Oliver Milman and Nina Lakhani theguardian.com/environment/ar…

The International Energy Agency has shown that a 1.5C-aligned, net-zero by 2050 transition would mean lower energy costs globally than a pathway under current policies. Honoured to work with ASG Selwin Hart to help ensure a fast and fair fossil fuel phase-out & energy transition. Read his interview ⤵️

🌍🚨 77 Nobel Laureates & World Leaders are sounding the alarm on the United Nations Summit not mentioning fossil fuels 🚨🌍 The omission of fossil fuels from the draft Pact for the Future is a critical issue as the #SummitOfTheFuture2024 nears. 🌿💔 🔗 Read more: FossilFuelTreaty.org/summit-of-the-…