Oil And Gas Drilling

US Leads Charge as Surge of Oil and Gas Projects Threaten Hope for Livable Planet

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Original article by JULIA CONLEY republished from Common Dreams under Creative Commons (CC BY-NC-ND 3.0). 

There are over 1,100 oil-producing wells in the McKittrick oil field, just north of the town of McKittrick, California.
 (Photo: Carolyn Cole/Los Angeles Times via Getty Images)

“The science is clear: No new oil and gas fields, or the planet gets pushed past what it can handle,” said one analyst.

Fossil fuel-producing countries late last year pledged to “transition away from fossil fuels,” but a report on new energy projects shows that with the United States leading the way in continuing to extract oil and gas, governments’ true views on renewable energy is closer to a statement by a Saudi oil executive Amin Nasser earlier this month.

“We should abandon the fantasy of phasing out oil and gas,” the CEO of Saudi Aramco, the world’s largest oil company, said at an energy conference in Houston.

A new report published Wednesday by Global Energy Monitor (GEM) suggests the U.S. in particular has abandoned any plans to adhere to warnings from climate scientists and the International Energy Agency (IEA), which said in 2021 that new oil and gas infrastructure has no place on a pathway to limiting planetary heating to 1.5°C.

Despite the stark warning, last year at least 20 oil and gas fields worldwide reached “final investment decision,” the point at which companies decide to move ahead with construction and development. Those approvals paved the way for the extraction of 8 billion barrels of oil equivalent (boe).

By the end of the decade, companies aim to sanction nearly four times that amount, producing 31.2 billion boe from 64 oil and gas fields.

The U.S. led the way in approving new oil and gas projects over the past two years, GEM’s analysis found.

An analysis by Carbon Brief of GEM’s findings shows that burning all the oil and gas from newly discovered fields and approved projects would emit at least 14.1 billion tonnes of carbon dioxide.

“This is equivalent to more than one-third of the CO2 emissions from global energy use in 2022, or all the emissions from burning oil that year,” said Carbon Brief.

GEM noted in its analysis that oil companies and the policymakers who continue to support their planet-heating activities have come up with numerous “extraction justifications” even as the IEA has been clear that new fossil fuel projects are incompatible with avoiding catastrophic planetary heating.

The report notes that U.S. Sen. Lisa Murkowski (R-Alaska) “supported ConocoPhillips’ Willow oil field, arguing that the Alaskan oil and gas industry has a ‘better environmental track record,’ and not approving the project ‘impoverish[es] Alaska Natives and blame[s] them for changes in the climate that they did not cause.'”

Carbon Brief reported that oil executives have claimed they are powerless to stop extracting fossil fuels since demand for oil and gas exists for people’s energy needs, with ExxonMobil CEO Darren Woods telling Fortune last month that members of the public “aren’t willing to spend the money” on renewable energy sources.

A poll by Pew Research Center last year found 67% of Americans supported the development of alternative energy sources. Another recent survey by Eligo Energy showed that 65% of U.S. consumers were willing to pay more for renewable energy.

“Oil and gas producers have given all kinds of reasons for continuing to discover and develop new fields, but none of these hold water,” said Scott Zimmerman, project manager for the Global Oil and Gas Extraction Tracker at GEM. “The science is clear: No new oil and gas fields, or the planet gets pushed past what it can handle.”

Climate scientist and writer Bill McGuire summarized the viewpoint of oil and gas executives and pro-fossil fuel lawmakers: “Climate emergency? What climate emergency?”

The continued development of new oil and gas fields, he added, amounts to “pure insanity.”

Original article by JULIA CONLEY republished from Common Dreams under Creative Commons (CC BY-NC-ND 3.0). 

Continue ReadingUS Leads Charge as Surge of Oil and Gas Projects Threaten Hope for Livable Planet

‘Gleefully Encouraging the Arsonists’: UK Government Commits to More Fossil Fuel Drilling

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Original article by JAKE JOHNSON republished from Common Dreams under Creative Commons (CC BY-NC-ND 3.0).

“The U.K. government is blatantly in denial about climate breakdown.”

U.K. Prime Minister Rishi Sunak announced Monday that his government will approve hundreds of new licenses for oil and gas drilling in the North Sea, drawing anger from climate advocates who say he’s doing the bidding of the fossil fuel industry amid a nightmarish wave of extreme weather.

Paying lip service to the nation’s net-zero emissions target, the Tory leader also laid out plans for two new carbon capture and storage facilities in Northeast Scotland and the Humber, lining up behind an oil industry-backed approach to reining in pollution that critics say is a false solution to the global climate crisis.

“Burning oil and gas is driving extreme weather and killing people on every continent, yet Rishi Sunak is gleefully encouraging the arsonists to go and put more fuel on the fire,” said Mary Church, a campaigner with Friends of the Earth Scotland. “By committing to future licensing rounds on the same day, it’s clear to see that carbon capture is little more than a greenwashing tactic by Big Oil to try and keep their climate-wrecking industry in business.”

Major fossil fuel giants such as Shell and BP have maintained oil and gas facilities in the North Sea for years. According to a recent analysis by Greenpeace, oil and gas licenses approved by the U.K. government over the past two years are set to generate as much carbon dioxide as Denmark emits annually—roughly the equivalent of 14 million cars.

“History will view this as an act of gross criminality. Our future sacrificed for the profits of a tiny elite.”

Philip Evans of Greenpeace U.K. said Monday that Sunak’s new announcements are “nothing but a cynical political ploy to sow division, and the climate is collateral damage.”

“Just as wildfires and floods wreck homes and lives around the world, Rishi Sunak’s government has decided to row back on key climate policies, attempted to toxify net zero, and recycled old myths about North Sea drilling,” said Evans. “Relying on fossil fuels is terrible for our energy security, the cost of living, and the climate. Our sky-high bills and recent extreme weather have demonstrated that.”

“Rishi Sunak knows that any oil and gas from the North Sea will just be sold on the international market, making oil companies even richer at the expense of the rest of us. How will this help our bills exactly?” Evans asked, countering the prime minister’s claims that new drilling will enhance the U.K.’s “energy security.”

“If Sunak were serious about boosting our energy security while keeping energy bills down,” Evans continued, “he’d remove the absurd barriers holding back cheap, homegrown renewables and launch a nationwide insulation program to tackle energy waste in our homes.”

Nick Dearden, director of the U.K.-based advocacy group Global Justice Now, wrote that “history will view this as an act of gross criminality. Our future sacrificed for the profits of a tiny elite.”

“The talk of securing our independence couldn’t be further from the truth,” Dearden added. “This leaves us on the hook for £billions, even if the next govt rescinds these contracts, as they must, the fossil fuel elite will pocket a fortune at our expense.”

In addition to the new drilling license commitments, the Financial Times reported Sunday that the U.K. government has “made it cheaper for industry to pollute in Britain compared with the E.U. by watering down reforms to the carbon market.”

“The U.K. government is blatantly in denial about climate breakdown,” said Church.

Original article by JAKE JOHNSON republished from Common Dreams under Creative Commons (CC BY-NC-ND 3.0).

Continue Reading‘Gleefully Encouraging the Arsonists’: UK Government Commits to More Fossil Fuel Drilling