Biden breaks major G7 climate promise by financing Indonesian oil refinery
“If Biden can’t be trusted to keep this relatively modest promise, how can anyone trust the U.S. to live up to its grander climate promises?"
Source: priceofoil.org
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Oil and Gas Industry Captures UN Climate Process: UAE COP28 Presidency Undermines Climate Action
"As we feared + expected, the UAE Presidency is putting oil + gas industry interests above the climate process it's supposed to shepherd."
Source: priceofoil.org
Response: New U.S. power plant regulations fail to address massive planned fossil fuel expansion
“Until Biden reins in Big Oil's deadly expansion, his legacy will remain one of failing to confront oil + gas production killing the planet."
Source: priceofoil.org
Italian Major Eni Uses Record Profits to Double Down on Fossil Fuel Investments
Eni invested 15 times more in fossil fuels than in its renewables segment in 2022, on track to rank third among worst upstream oil and gas expanders this year.
Source: priceofoil.org
Analysis: Equinor's Record Profits Fuel Oil and Gas Expansion, Not Clean Energy Transition
This new briefing exposes the Norwegian company’s fossil-fueled energy strategy as grossly misaligned with global efforts to stem the climate crisis. The analysis details how the company lacks credible climate pledges and continues to prioritize oil and gas investments and fossil fuel extraction expansion.
Source: priceofoil.org