This briefing shows that companies are set to make £11.6 billion windfall on UK oil and gas in 2022 and why the UK government is missing this opportunity to fund an energy transition.
Ukraine
Over 500 Global Groups Call on World Leaders to Help End Russian War in Ukraine + End Fossil Fuel Reliance
“The only effective response to today’s compounding crises is for global leaders to support the efficiency and clean energy solutions that can replace these dirty fuels and eliminate the need for any new LNG infrastructure,” said Laurie van der Burg.
Over 500 Groups Urge Biden to End Fossil Fuel Era in Response to Russia-Ukraine War
“President Biden and world leaders must do everything in their power to end the fossil fuel era and move the United States and the world to 100% renewable energy as quickly as possible,” said Collin Rees.
U.S. Oil and Gas Companies Set to Make Tens of Billions More from Wartime Oil Prices in 2022
As American families continue to be hammered by skyrocketing gasoline prices, U.S. oil and gas companies are poised to reap tens of billions in windfall profits thanks to high wartime prices.
U.S. Oil and Gas Companies Set to Make Tens of Billions More from Wartime Oil Prices in 2022
With oil prices rising to near-record levels due to Russia’s ongoing war in Ukraine, companies producing oil and gas in the United States are in line to make tens of billions in additional profits. Under conservative estimates, we find the U.S. upstream oil and gas industry will collect a windfall of $37 to $126 billion in 2022 alone.
Over 200 Groups Call on Biden to Invoke Defense Protection Act for Renewables + Resist Short-Sighted Domestic Fossil Fuel Policies
Over 200 progressive groups sent a letter to the White House urging President Biden to resist Big Oil and invoke the Defense Production Act in order to ramp up the deployment of renewable energy to transition the world off the fossil fuels that are leading to global instability.
How Big Oil courted and emboldened Putin for decades
For decades Big Oil courted Putin and helped him exploit Russia’s vast reserves. Big Oil poured billions into Russia’s war chest with devastating consequences.
Oil Change International expresses solidarity with the people of Ukraine
Oil Change International is horrified by Russia’s war against Ukraine. We strongly condemn Russia’s military aggression. Our heart goes out to the people of Ukraine and people across the region who continue their human rights, climate and social justice work in these dangerous circumstances, including in Russia.
Sovereignty, sanctions, theft and the oil industry in Russia and the Crimea
Is it not time, with the threat of increasing political and economic instability and the growing risk of climate change, that we finally recognize the costs of fossil fuel dependency are too high?
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