The ongoing invasion of Rafah is a devastating new climax in the genocide against Palestinians. We continue to be in solidarity w/ millions in Palestine, & in the streets & campuses, led by Palestinians & Jews, calling for a #CEASEFIRE
Our statement 👇🧵
priceofoil.org/2024/05/09/oil… As Israel’s genocidal campaign intensifies, so does global opposition to it: students around the world are speaking out despite facing violent backlash and repression. Over 2,100 students have been arrested in the United States alone. 2/
theguardian.com/us-news/articl…

🚨 NEW: Our latest analysis tracks the trail of death and destruction along the supply chains that bring fossil fuels to Israel. Read about who is supplying the oil fueling the ongoing genocide against the Palestinian people.⬇️ #CeasefireNOW #OilFuelsWar 🇵🇸 priceofoil.org/israel-fuel-pr…
Israel’s war machine is heavily reliant on imports from the US, Azerbaijan, Kazakhstan, Russia, and Gabon, plus Brazil, Saudi, the UAE & Egypt. Oil majors like @bp_plc @Chevron @exxonmobil @Shell are complicit as well. #StopTheGenocideInPalestine

1/ 🚨 New report 🚨 None of the oil and gas producing countries in the North Sea are on track to stop drilling in time to reach the 1.5°C warming limit.

🧵 (a thread) ⬇️

Read the full report: priceofoil.org/2024/03/12/nor…
2/ 🇳🇴 Norway 🇳🇴 is the WORST of all:

❌ Has approved the most expansion of oil and gas in the region.
❌ Threatens to be the world’s 12th largest developer of new oil and gas fields.
❌ Is fully unaligned in most categories.

dagsavisen.no/nyheter/innenr…

Now: Energy Package Reality Check at #COP28

The science is clear: we need a full, fast, fair, funded phaseout of fossil fuels. But oil companies and the governments that support them are delaying what is needed.

📺Watch:

And follow along 👇unfccc.int/event/oil-chan… We need the four Fs:

✅Fast
✅Fair
✅Full
✅Funded

Phaseout of fossil fuels
+
We must refuse weasel words and distractions like CCS and abates.

Says @Rlalen from @PriceofOil

1/ We just released a new report titled “Biden’s Fossil Fuel Fail: How U.S. Oil + Gas Supply Rises under the Inflation Reduction Act, Exacerbating Environmental Injustice.”

Here’s the short version:

🧵👇 #EndFossilFuelspriceofoil.org/2023/11/20/fos… 2/ The IRA & Biden's policies fail to reduce oil + gas production or alleviate impact on environmental justice communities.

How do we know?

We examined previously unpublished data by @Rhodium_Group an independent research group that analyzes U.S. energy + emissions under IRA.

✊For US #IndigenousPeoplesDay we want to uplift our report: Indigenous Resistance Against Carbon


Read on 👇:priceofoil.org/2021/08/31/ind… ➡️ Indigenous resistance has stopped or delayed greenhouse gas pollution equivalent to at least one-quarter of annual U.S. and Canadian emissions.

After over 600,000 people took action across the world to #EndFossilFuels this weekend, the UN's Climate Ambition Summit has now started!

Will world leaders take real action toward a #FastFairForever phase out of fossil fuels? Follow along here⬇️

"The future of our humanity is in your hands," says @antonioguterres in his opening speech. Watch the livestream:

📺: rb.gy/o3n7z

This week by the numbers:

600,000 people.
700 actions.
65 countries.
All 7 continents.

THIS. IS. INCREDIBLE.

But numbers don't do it justice. This is a big, beautiful climate movement & we're calling on world leaders to #EndFossilFuels NOW. No more talk, we need action!





Even more pictures of actions around the world over the past few days call on leaders to #EndFossilFuels!

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

“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.

"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 "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_

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 👇 “We are demanding payment for climate debt on the basis of justice, human rights, and self determination.”

- Noble Wadzah, Oilwatch Ghana (@oilwatchafrica1)
#COP27

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…

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

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.

Today, @thulimakama @PriceofOil introduced the @oilwatchafrica1 press conference on Ending Colonial Extraction at #COP27 in Sharm El-Sheikh

A thread of quotes and images from the brilliant panel below ⬇️ “The new colonialism is corporations…” Noble Wadzah of Oilwatch Ghana @oilwatchafrica1

NOW: At UK #COP27 pavilion, an update on #StopFundingFossils pledge promised last year by 39 countries & public banks to end all international public 💵 for fossils abroad and instead “fully prioritize” finance for clean & just energy transition by the end of 2022. Follow here 👇 Of the 16 major financing countries who signed onto the pledge, 6 have new policies that fully or almost fully #StopFundingFossils. More are expected in the coming days and weeks to meet 2022 deadline. Check for updates on our tracking briefing here ➡️ priceofoil.org/2022/10/07/lea…

"Developed countries should not just sit, wait and delay progress on
loss & damage. That’s an age-old strategy and we risk seeing inaction until 2024 - that's too late. The EU should play an active role to achieve a substantial outcome here at
#COP27" - @RachelSimonSays "Delaying or refusing to set up a loss and damage finance facility will not change the scientific fact that climate-driven extreme events and slow-onset disasters will continue to
accelerate causing increasing harm to the poorest and most marginalized people." - @RachelCleetus

NEW REPORT: We looked under the hood of G20 countries' international public finance for energy ahead of their Very Big Deadline to #StopFundingFossils.

🧵Here's more on the $55 billion / yr in fossil fuel money we found & how we can stop it 🧵
priceofoil.org/g20-at-a-cross… GOOD NEWS: Public 💵 for fossils just dropped for the first time, and ~1/3 of this is from action from UK, @EIB, & others.

BAD NEWS: The rest of the drop is (a) just noise, (b) already overturned in early 2022 data, or (c) from worse data availability!
priceofoil.org/g20-at-a-cross…

🧵 Thread time:

Today we launched energyfinance.org ⚡ tracking G20 international public finance flows to fossil fuels vs. clean energy - over 14,000 transactions over a decade.

[1/16] So now let's get into why these public finance flows matter. bit.ly/3OrHf68 [2/16] Public finance shapes our future energy systems. All public finance institutions’ investments together total $2.2 trillion a year with a double-down impact of influencing decisions of private financiers - tipping the ⚖️ on which projects get built, and which don't.

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.