Discover and read the best of Twitter Threads about #boğa

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The fossil fuel industry is not going to design its own demise. Instead, they seem to have no problem enabling the production of the biggest driver of our climate crisis.

Why @antonioguterres speech to #UNGA this morning is so important. A thread 🧵
Chevron, ConocoPhillips, Exxon & Shell all reported record profits for 2022, a year in which Russia's war on Ukraine collided with the post-pandemic economic recovery to drive oil prices to their highest levels in history.
cbsnews.com/news/exxon-che…
Together, the four companies saw $1 TRILLION in sales last year. TotalEnergies and BP are still due to report their 2022 financial results next week. These obscene profits of the fossil fuel industry are jarring when set two broader contexts...
Read 12 tweets
Historic. And insufficient. That is the dilemma of climate era. We are so stuck in our current systems & so heavily influenced by incumbents who stand to benefit from status quo that even the qualified acknowledgement in text of #COP26 of one fossil fuel, coal feels historic. 🧵
Yet 86% emissions trapped in our atmosphere come from three products coal, oil & gas. Ten years ago 80% of global energy consumption came from those fossil fuels & today? 80%. That’s not because of lack of cheap renewables at scale. It’s because lack of political courage #cop26
#boga is also historic. 11 countries & sub nationals committing to atop expansion of oil and gas and wind down. But in reflection after last two weeks it just seems so sad & absurd that countries announcing they will try & do what science tells us we have to do. #COP26
Read 12 tweets
📢New article alert! What does international law say about leaving #fossilfuels in the ground to meet the #ParisAgreement #climate goals? And how could it evolve to do so? I explore these questions in a new #OpenAccess article in @ESG_Journal sciencedirect.com/science/articl…🧵
Some background: as a recent @Nature piece by @st_pye & others shows, if we want to keep below 1.5C, large parts of fossil fuel reserves (oil: 58%, gas: 59%, coal: 89%) are 'unextractable' nature.com/articles/s4158… (2/n)
This message also emerges from the annual #ProductionGap report (heads up: the next one is coming in 2 weeks!) by @SEIclimate @IISD_news @UNEP & others: we need to start winding down production *now* to keep global #climate goals within reach @mlaz_sei @_aploy @SEI_Erickson (3/n)
Read 15 tweets
THREAD: News just broke from @Reuters of a potentially critical new initiative to be launched next month: the Beyond Oil and Gas Alliance (#BOGA). Read the article here: reuters.com/business/susta…
@Reuters #BOGA will be the 1st diplomatic initiative acknowledging the need for governments to manage the decline of oil and gas production as a key tool to address the #climate crisis. It’s a big deal and something we’ve been calling for for a long time.
@Reuters #BOGA has the potential to help reframe the global climate conversation to ensure phasing out production is seen as a key tenet of climate leadership. Why is this important?
Read 19 tweets

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