'Planet Wreckers': 4 Rich Nations Plotting Nearly 70% of New Oil and Gas Over Next Decade | Common Dreams

This is not just hypocrisy," said one climate campaigner. "It is a death sentence for communities on the frontlines of the #ClimateCrisis."

Brett Wilkins
Jun 16, 2025

"Four wealthy nations—the #UnitedStates, #Canada, #Norway, and #Australia—account for the majority of planned oil and gas expansion over the next decade, according to new data published by #OilChangeInternational on Monday, the first day of the #BonnClimateChangeConference in Germany.

"Oil Change's analysis, titled #PlanetWreckers, notes that if those four #GlobalNorth nations stopped their planned new oil and gas extraction, 32 billion tons of carbon pollution would stay in the ground instead of being burned and released into the atmosphere, where they fuel planetary heating. That's the equivalent of three times the annual global emissions created by burning coal.

" 'A handful of the world's richest nations remain intent on leading us into disaster. This is not just hypocrisy. It is a death sentence for communities on the frontlines of the climate crisis,' Oil Change International global policy lead Romain Ioualalen said in a statement Monday.

"It is sickening that countries with the highest incomes and outsized historical responsibility for causing the climate crisis are planning massive oil and gas expansion with no regard for the lives and livelihoods at stake," Ioualalen added."

Read more:
https://www.commondreams.org/news/oil-change-report-planet-wreckers

#Oligarchy #Oiligarchy #BigOilAndGas #DrillBabyDrill #LeaveItInTheGround #CorporateColonialism #FossilFuels #Fracking #Oil #Pollution #Drilling #Ecocide #USPol #CanadaPol #PetroState #ThanksBigOil #ClimateCatastrophe #BPKnew #ExxonKnew #WaterIsLife #AirIsLife #OilUpTheSwamp #ExtractiveIndustries #NoPipelines #RenewablesNow #FossillFuel #NoJobsOnADeadPlanet

'Planet Wreckers': 4 Rich Nations Plotting Nearly 70% of New Oil and Gas Over Next Decade | Common Dreams

"This is not just hypocrisy," said one climate campaigner. "It is a death sentence for communities on the frontlines of the climate crisis."

Common Dreams

From the Bretton Woods Project: Continued #FossilFuel investments

"In terms of its direct lending, the [#WorldBank] ’s investments in #FossilFuels have been criticised for undermining climate goals – with the Bank continuing to fund a considerable number of fossil fuel projects in the years after the Paris Climate Agreement was signed in 2015, which saw countries jointly commit to limit average global temperature rise to 'well below 2°C” relative to preindustrial levels. Despite the Bank’s recent climate commitments (see Observer Spring 2018), CSOs remain concerned that the Bank lacks a comprehensive approach to align its entire lending portfolio with the Paris Agreement. In addition to project finance for oil and gas infrastructure, there are other remaining types of Bank investments that are a cause for concern. The IFC now invests nearly 50 per cent of its portfolio in FI, and a lack of sub-project disclosure in these investments makes it difficult to assess the exposure of these investments to fossil fuels, including coal (see Governance above). However, CSO research has linked IFC FI investments to the construction of 19 new coal-fired power plants in the Philippines, while another report found IFC FI investments linked to 41 new coal plants between 2013 and 2016. While the IFC announced a new Green Equity Strategy in October 2018 that will require new FI clients to divest from coal over time, this policy will not affect past FI investments (see Observer Winter 2018).

"CSOs are also concerned that the World Bank has thus far not developed a framework to assess the climate impacts of its Development Policy Finance. CSO research has found that in some cases, these contain ‘prior actions’ that benefit the fossil fuel and extractive industries. Finally, the Bank’s Multilateral Investment Guarantee Agency (MIGA) has in recent years provided a number of guarantees that have backed fossil-fuel projects. According to CSO research, in FY16, MIGA did not support a single renewable energy project: '[its] guarantees to energy were worth $1.9 billion … of which $0.9 billion went to fossil fuel projects', with the rest going to projects such as hydropower dams, often with detrimental environmental and human rights impacts."

Report from #OilChangeInternational

Cross Purposes: After Paris, Multilateral Development Banks Still Funding Billions in Fossil Fuels

October 12, 2017

"A new report shows how multilateral development banks, including the World Bank, gave over $9 billion in funding for fossil fuel projects in 2016, nearly all of it following the Paris Agreement being reached and despite claims that they were acting on climate and adjusting their investment strategies."

https://www.oilchange.org/publications/development-banks-still-funding-fossils/

#HydropowerDams #EnvironmentalImpacts #HumanRights #ParisAgreement #ParisClimateAgreement #BigOilAndGas #CorporateColonialism #CoalFiredPlants #Phillipines #IFC_FI #MIGA #IMFLoanSharks

Exposed: The Oil and Gas Giants Profiting Most From #Israel's #GazaGenocide

"The complicity of international #corporations and governments in fueling Israel's #WarMachine represents the latest chapter in a long history of #FossilFuel companies enabling #genocide and mass atrocities," said one campaigner.

by Brett Wilkins
Nov 14, 2024

"On the fourth day of the United Nations Climate Change Conference, or #COP29, in Azerbaijan, green groups highlighted how fossil fuel companies 'enable and profit from Israel's genocide in Gaza,' continuing 'a long history of the industry's complicity in mass atrocities worldwide.'

"'The fossil fuel industry is culpable in death and destruction around the world, not only through the #ClimateCrisis they cause but through the violence they fuel,' #OilChangeInternational said in a statement Thursday.

"'Every shipment of oil to Israel carries the weight of #Palestinian lives.'

"The group—along with others including #FriendsOfTheEarthPalestine / #PENGON and #TippingPointUK — is seizing the opportunity presented by COP29 to draw attention to an aspect of the Gaza war often overlooked amid the staggering death and destruction wrought by Israel's 13-month onslaught, which a United Nations panel on Thursday said is consistent with the 'characteristics of genocide.'

"'Investor-owned and private #OilCompanies supply 66% of oil to Israel—more than a third of that from major oil companies like #Chevron, #Shell, and #BP — despite genocide warnings from the International Court of Justice [#ICC],' #OilChange said. 'BP is among the top corporate suppliers of oil to Israel. It operates and is the largest owner of the #BTC pipeline, which transports #AzeriOil that is ultimately sent to Israel.'

"The #BTCPipeline runs from #Baku — the #Azeri capital and COP29 host city on the Caspian Sea —t hrough #Azerbaijan, #Georgia, and #Turkey and, according to Oil Change, supplies Israel with 28% of its oil, belying Thursday's claim by Turkish President #RecepTayyipErdoğan that the country has severed all ties with Israel.

"An investigation published in September by #EnergyEmbargoForPalestine showed how oil transported via the BTC pipeline is refined into jet fuel for Israel Defense Forces [#IDF] warplanes.

Oil Change continued:

"BP has also been granted #GasExploration licenses in occupied Palestinian waters. By providing it with fuel, BP enables the Israeli government to commit genocide in Gaza. Chevron operates and partially owns the two largest Israeli-claimed fossil #GasFields, #Tamar and #Leviathan, making it the main international actor extracting fossil gas claimed by Israel in the Mediterranean. In 2022, 70% of Israel's power was generated from fossil gas extracted by #Chevron. Through the millions of dollars it pays Israel for its gas extraction licenses, Chevron is also directly contributing to financing Israel's regime of #genocide, #apartheid, #SettlerColonialism, and #Occupation.

"'The complicity of international corporations and governments in fueling Israel's war machine represents the latest chapter in a long history of fossil fuel companies enabling genocide and mass atrocities,' #MohammedUsrof, a member of the #PalestinianYouth Climate Negotiation Team at COP29 who lost 21 relatives to Israel's onslaught, said in a statement Thursday. 'Every shipment of oil to Israel carries the weight of Palestinian lives.'

"Tipping Point U.K. organizer #SadieDeCost said that 'BP originated as a key enabler of the #BritishEmpire, and continues as one of the top 10 largest #CarbonEmitters in the world.'

"'It operates and is the largest owner of the BTC pipeline, which ships Azeri oil to fuel Israel's genocide in Gaza,' DeCost added. 'BP's historic colonial harms continue through its support of violent regimes. Its emissions are estimated to cause hundreds of billions of dollars of loss and damage. We must shut down BP to end this injustice, and demand climate reparations for impacted communities around the world.'"

Read more:
https://www.commondreams.org/news/fossil-fuels-gaza-genocide

#Chevron #BigOil #FossilFuels #BigOilAndGas #IsraeliWarCrimes #BibiIsAWarCriminal #CorporateColonialism #Oiligarchy #CeasefireNow #FreeGaza

Exposed: The Oil and Gas Giants Profiting Most From Israel's Gaza Genocide | Common Dreams

"The complicity of international corporations and governments in fueling Israel's war machine represents the latest chapter in a long history of fossil fuel companies enabling genocide and mass atrocities," said one campaigner.

Common Dreams
Chevron, BP, ExxonMobil et Shell vendent le carburant du génocide à Gaza
https://investigaction.net/chevron-bp-exxonmobil-et-shell-vendent-le-carburant-du-genocide-a-gaza/?utm_source=rss&utm_medium=rss&utm_campaign=chevron-bp-exxonmobil-et-shell-vendent-le-carburant-du-genocide-a-gaza
Des pays tels que le Brésil, la Grèce ou l’Italie ont également fourni du pétrole à Israël, y compris après l’arrêt de la Cour Internationale de Justice de janvier dernier. […]
#Politique #MoyenOrient #Azerbaïdjan #BenyaminNetanyahou #Chevron #DélugeDAlAqsa #ÉpéeDeFer #Exxon #Gaza #Israël #OilChangeInternational #Palestine #Pétrole #Shell
Chevron, BP, ExxonMobil et Shell vendent le carburant du génocide à Gaza

Un rapport de Oil Change International permet de chiffrer l’approvisionnement en pétrole qui alimente le génocide en cours d’Israël contre le peuple palestinien.

Investig'action
Combined, 8 ('oil majors') companies’ current #oil and #gas extraction plans are consistent with more than 2.4°C of global temperature rise, likely leading to global devastation. https://www.oilchange.org/borc/ #fossilFuels #fosilfuel #ClimateChange #BigOil #ClimateCrisis #ClimateEmergency #GlobalWarming #GlobalHeating #CO2 #CCS #Carbon #Capitalism #oilchangeinternational #borc
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At Oil Change International we work to expose the true costs of fossil fuels and facilitate the coming transition towards clean energy. Join us.

Oil Change International

Top #OilFirms#ClimatePledges failing on almost every metric, report finds

#OilChangeInternational says plans do not stand up to scrutiny and describes #US #FossilFuel corporations as ‘the worst of the worst’
https://www.theguardian.com/us-news/article/2024/may/21/oil-companies-report-fossil-fuels-climate
#ClimateCrisos #DontLookup #Greenwashing

Top oil firms’ climate pledges failing on almost every metric, report finds

Oil Change International says plans do not stand up to scrutiny and describes US fossil-fuel corporations as ‘the worst of the worst’

The Guardian

Addendum 2

5 Global North Countries Responsible for 51% of Planned Oil & Gas Expansion Through 2050
https://www.commondreams.org/newswire/new-research-exposes-5-global-north-countries-responsible-for-51-of-planned-oil-and-gas-expansion-through-2050

Oil Change International: https://priceofoil.org | @kylegracey
* research, communications, advocacy organization focused on exposing true costs of fossil fuels & facilitating ongoing transition to clean energy

#UN #ClimateAmbitionSummit #OilChangeInternational #FossilFuels #GlobalWarming #ClimateChange #WorldBank #EcologicalDestruction #DefundCorporations

New Research Exposes 5 Global North Countries Responsible for 51% of Planned Oil and Gas Expansion Through 2050

Only 20 countries, led overwhelmingly by the United States, are responsible for nearly 90 percent of the carbon-dioxide (CO2) pollution threatened by new oil and gas fields and fracking wells planned between 2023 and 2050. If this oil and gas expansion [1] is allowed to proceed, it would lock in cli...

Common Dreams

Voor wie dacht dat de luchtvaart veel energie subsidies kreeg...

Onderzoek: jaarlijks 37,5 miljard euro subsidie naar fossiele sector
https://nos.nl/l/2489141 - #NOS

Het hele rapport van Milieudefensie, SOMO en Oil Change International is hier te vinden:
Nog meer belastinggeld naar grote vervuilers dan gedacht: 37,5 miljard aan fossiele subsidies - SOMO
https://www.somo.nl/nl/nog-meer-belastinggeld-naar-grote-vervuilers-dan-gedacht-375-miljard-aan-fossiele-subsidies/
#Klimaat #subsidies
#Milieudefensie #SOMO #OilChangeInternational
Edit:typo

Onderzoek: jaarlijks 37,5 miljard euro subsidie naar fossiele sector

Een onderzoek door milieuorganisaties stelt dat er jaarlijks indirect 37,5 miljard euro naar de fossiele sector gaat. Het kabinet kondigde eerder aan de subsidies te willen afbouwen.

NOS Nieuws