Under current trends, global gas demand is set to peak before the decade’s end. Bringing forward this peak in line with climate imperatives can bolster economic growth, security, and resilience. To do this, demand must fall by 110 bcm per year until 2030. Structurally reducing demand should become a focus of international collaboration, write Kamila Godzinska, Maria Pastukhova, Lisa Fischer from E3G.* Read More
All posts tagged: Gas
Shell Games: Holding them accountable
Recently the powerful climate NGO ClientEarth took the unprecedented step of filing suit directly against Shell’s Board of Directors on behalf of investors for failing to manage risks posed to the company by climate change and implement an energy transition strategy that aligns with the Paris Agreement. Nevertheless, at their most recent shareholder meeting, Shell announced plans to reduce renewables spending while investing more in fossil gas and LNG. So will legal action be able to force Shell to actually change course? In this edition of the Shell Games series (read part 1 and part 2), lead blogger and podcaster, Michael Buchsbaum reviews the status of even more lawsuits and legal questions now being brought against this oil and gas behemoth. Read More
Wind bad because German, gas good because Polish
In May 2023, the Polish parliament has passed a law that facilitates the construction of biogas plants. The new rules are intended to help smaller towns in particular ensure energy stability and accelerate the transition away from coal. Critics, however, argue that the new law is a case of too little, too late in an agricultural country that would be ideally suited to biogas. Read More
Max out: Conservative Britain re-embraces oil & gas and leans on mythical CCS
Prime Minister Rishi Sunak’s conservative British government has reversed its green energy course by announcing a massive embrace of new oil and gas production, including the opening of the vast Rosebank oil field. However, the government promises that emissions from this and other industrial pollution will somehow be rendered “Net Zero” by 2050 via a fleet of to-be-built carbon capture and storage (CCS) hubs. Backed by £20 billion in subsidies, CCS will play an integral role in the ‘maxxing-out’ of domestic oil and gas resources while ensuring energy independence. London says capturing and storing future CO2 emissions in ‘depleted’ offshore oil and gas fields will enable the UK’s industry to thrive for decades to come. As NGOs and scientists cry foul, lead blogger and podcaster, Michael Buchsbaum, reviews the deteriorating narrative.
Global South issues in the Global North? A fossil toxic tour through Texas and Louisiana – Part 2
In May 2023, Andy Gheorghiu travelled along the US Gulf coast and visited LNG export sites (operating, under construction and planned) which have been co-financed by German banks or enabled through longterm contracts with German companies. He wanted to learn first-hand about the impacts on local communities and the environment. Lots of what he has experienced and heard reminded him of issues one would have expected in the Global South. Part 1 of these series looked at LNG export sites and impacted communities in Texas. This one covers Louisiana.
Global South issues in the Global North? A fossil toxic tour through Texas and Louisiana – Part 1
In May 2023 Andy Gheorghiu travelled along the US Gulf coast and visited LNG export sites (operating, under construction and planned) which have been co-financed by German banks or enabled through longterm contracts with German companies. He experienced first-hand the impacts on local communities and the environment – and was surprised by what he found. Lots of what he has experienced and heard reminded him of issues one would have expected in the Global South. Here’s his look back. Read part 2 covering Louisiana.
No interest in change: record profits lead oil and gas majors to reduce their climate goals
Despite professing their firm commitment to fighting climate change and expanding into renewable energy, following record profits from war-spiked high energy prices, global oil and gas majors like BP, Shell and ExxonMobil are now walking back their rhetoric and reducing whatever modest plans they had to invest in clean energy. And investors have cheered these decisions. Though renewable energy generation is expanding faster than ever, Michael Buchsbaum reviews how this is an object lesson in why relying on market forces alone to push companies into doing the right thing has never been more foolish.
Why Southern Africa needs to work together on the energy transition
In Southern Africa the population is growing at a much faster pace than the rate at which the region is developing. This is putting pressure on resources, in particular, on energy provision. Less than half the region’s population is connected to grid electricity, meaning many rely on wood fuel despite its dire impacts on the environment. Countries including Zimbabwe, Zambia and South Africa face a serious power crisis in recent months and need to rethink their energy production systems. Can a collaborative energy transition save Southern Africa from its crises and secure a cleaner future? Kennedy Nyavaya has the story.
2022’s energy winners: Oil and Gas companies
In 2022, there are wins to be celebrated for climate policy. The recent US legislation is the first time in 40 years that the government has managed to pass any meaningful climate policy. The invasion of Ukraine has shaken Europe to accelerate the move away from Russian oil and gas. However, it is hard to celebrate wins for the climate without addressing the elephant in the room – the thriving and ever-profiting oil and gas sector. While recent geopolitical events did indeed infuse the energy transition with, (no pun intended), some much needed energy, Joelle Thomas would argue that the biggest winners of the past year’s events have been oil and gas companies. What does this mean for the energy transition?
Poland and the energy costs of the Russian war in Ukraine
The Russian Federation’s invasion of Ukraine is not only barbaric – it is also a harbinger of rapid economic changes around the world. Even if the war ends relatively soon (and that is unlikely), a return to the status quo ante is unthinkable. So too is a return to the heavily fossil-fuelled and import-dependent European energy model that existed before the war. Is it appropriate to ponder over raw materials as bombs fall on Kharkiv and Mariupol? Yes, if solely for the reason that the future shape of the energy market should constitute a response to this barbarism. The question is whether Poland is genuinely prepared for such a response. Michał Olszewski with a perspective from Warsaw.