Oil Gas and Climate Report

This new report finds that the oil and gas industry are planning to invest more than US$1.4 trillion in new extraction. Projects are being planned for the US, Canada, Norway, Argentina and several other countries that will make it impossible to stay under 1.5°C of warming. The authors have called for Paris alignment through bans on fossil fuel licenses, removal of finances and subsidies and the creation of just transition plans for communities and workers.