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Mar 8 • 4 tweets • 3 min read
Tomorrow, global fossil fuel pusher General Electric (GE) is holding its annual ‘investor conference’, a high-stakes event at which the company will try to paint itself as a green, clean energy leader to investors. @generalelectric and @GE_Vernova risk hurting communities
#TheEnergytoChangetheWorld is generated by wind and solar, not dirty fossil gas and LNG as @GE_Vernova plans for our future. Investors, urge @generalelectric not to risk its reputation locking in decades of pollution and fuelling the climate crisis. $GE
marketforces.net/ge
Investors in @generalelectric and @GE_Vernova should focus on a genuine #EnergyTransition that ensures a safe climate future with renewable power ⚡️🌞, not climate-wrecking fossil fuels like gas and LNG. $GE
marketforces.net/ge
"Those who are currently investing in fossil fuels in Bangladesh – I would like to urge them not to invest in fossil fuels, but instead invest your money in renewable energy." - Dr. Khondaker Golam Moazzem, Research Director, Centre for Policy Dialogue (CPD)

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More from @PriceofOil

Oil Change International Profile picture
Nov 20, 2022
“In a crucial year, this COP made NO progress towards the just + equitable phase-out of fossil fuels we so desperately need.”

– @esbast on why #COP27’s outcome was deeply problematic despite key progress on #LossAndDamage.

Full response from our experts: priceofoil.org/2022/11/20/cop…
The most important advances at #COP27 happened outside the official UNFCCC process, where our movement for climate justice grows stronger everyday.

Initiatives like @beyondoilgas, the Glasgow Statement on Public Finance, @mpsfossilfree, @fossiltreaty + more are leading the way.
“Throughout #COP27, civil society has demanded we #PhaseOutFossils & called for rich countries to pay up for climate debt. People power will force an equitable end to fossil fuels + just transition to renewable energy.”

– Executive Director @esbast
Read 7 tweets
Oil Change International Profile picture
Nov 18, 2022
"We need to include all fossils & we want stronger language on the ban of expansion of new extraction & production. To be serious about keeping 1.5 alive we need to include those targets in the cover decision by the end of today" - H.E. Mr. Seve Paeniu, Min' of Finance, Tuvalu Image
"The energy & equity outcomes of COP go hand in hand. Keeping 1.5 alive means accelerating the equitable phase out of coal, oil & gas. We need a strong outcome that builds on Glasgow & acknowledges the science. If we don't see that, we'll be calling #COP27 a failure" - @catabreu_ Image
"Fossil companies present at COP have affected the decisions made. Lack of consideration for oil & gas phase out shows this COP has failed African people. We need stronger text around fossils - this is a major backtrack from last year" - Lorraine Chiponda Image
Read 5 tweets
Oil Change International Profile picture
Nov 17, 2022
Nnimmo Bassey (@NnimmoB) of HOMEF (@EcoHomef) and Oilwatch (@oilwatchafrica1) introducing an important event at #COP27 “Beyond Climate Fig Leaves: Demanding Climate Debt"

Quotes from powerful speakers in a 🧵 below 👇 Image
“We are demanding payment for climate debt on the basis of justice, human rights, and self determination.”

- Noble Wadzah, Oilwatch Ghana (@oilwatchafrica1)
#COP27 Image
“We can make the impossible possible. Those who have passed on have given us the drive to address climate change. Solidarity is the power that will let us make change.”

- Makoma Lekalakala, Earthlife Africa (@Earthlife_JHB)
#COP27 Image
Read 6 tweets
Oil Change International Profile picture
Nov 16, 2022
LIVE FROM #COP27: What's needed from the 39 countries & institutions who promised to #StopFundingFossils abroad by the end of this year?

Follow along with us here as @vanessa_vash, @LaurenceTubiana, @AsianPeoplesMvt, @GrupoGFLAC and more give an update🧵
eventbrite.com/e/cop27-side-e…
@vanessa_vash @LaurenceTubiana @AsianPeoplesMvt @GrupoGFLAC The Glasgow Statement was a bright spot of COP26, as the 1st international pledge to deal not just with coal finance but oil & gas as well!

If signatories follow through, it will directly shift at least USD 28 billion a year from fossils to clean 🌅 iisd.org/publications/r…
@vanessa_vash @LaurenceTubiana @AsianPeoplesMvt @GrupoGFLAC This public finance matters because it shapes our future energy systems, often tipping the ⚖️ on which projects get built, and which don't. But instead of building a just, renewable future wealthy countries are still using it to lock in more fossils! priceofoil.org/g20-at-a-cross… Image
Read 20 tweets
Oil Change International Profile picture
Nov 16, 2022
Happening now: "We as civil society are holding governments to account and demanding that phasing out ALL fossil fuels must be in the #COP27 cover text. Moving backwards from Glasgow would be a failure." - @mayboeve
"The fossil fuel industry is directly responsible for the destruction we are seeing around the world. At #COP27 the current cover text does not even mention fossil fuels. We want all fossil fuels to be mentioned, b/c they are all responsible for the climate crisis." - @harjeet11
"There is nothing that will stop [the industry] from making the profits shareholders want to see. We're going to continue to let [govt's & ff industry] know there will be repercussions for their actions. We must remind govt's that their loyalty is to the people." - @OmarElmawi
Read 7 tweets
Oil Change International Profile picture
Nov 16, 2022
Today at #COP27, we @priceofoil released a briefing peeling back the curtain on the oil & gas industry’s expansion plans: the new extraction approved in 2022 & what’s in the queue for 2023-2025ーunless govts put a stop to it ➡️ priceofoil.org/investing-in-d…

A thread 🧵
First, let’s look at the deep hole the fossil fuel industry has already drilled, dug, and fracked us into. 🔥Oil & gas fields already producing or approved PRIOR to 2022 would cause 490 GtCO2, if fully extracted. 🔥

That alone is enough to push the world past 1.5C warming.
Yet, the oil and gas industry keeps digging the hole deeper. We find new fields & fracking wells approved in 2022 + on the brink of approval in the next 3yrs would lock in an extra 70 Gt of CO2. That’s equal to 17% of the world’s remaining 1.5C carbon budget. #InvestingInDisaster
Read 12 tweets

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