A new report titled “Planet Wreckers”, shows how just 20 countries are responsible for nearly 90% of carbon dioxide pollution threatened by new oil and gas extraction projects between 2023 and 2050 — with top ‘climate hypocrites’ the United States, Canada, Australia, Norway, and the United Kingdom accounting for a majority. If this oil and gas expansion is allowed to proceed, it would lock in climate chaos and an unlivable future. — Source: Oil Change International
Canada the Planet Wrecker
Just 5 Global North countries are responsible for 51% of planned oil and gas cxpansion through to 2050 — the United States, Canada, Australia, Norway, and the United Kingdom.
Canada alone could be responsible for 10% of planned expansion globally. This Planet Wrecker’s plans for new oil and gas extraction through 2050 threaten CO2 pollution equivalent to the lifetime emissions of 117 new coal plants.
Canada is on track to become the world’s second largest developer of new oil and gas extraction between now and 2050.
- Only 20 Planet Wrecker countries are responsible for nearly 90 percent of the carbon-dioxide (CO2) pollution from new oil and gas fields and fracking wells planned between 2023 and 2050.
- If these 20 Planet Wreckers said “no” to their planned new oil and gas production, as the UN Secretary General is urging them to, 173 billion tonnes (Gt) of carbon pollution would be kept in the ground.That is equivalent to the lifetime pollution of nearly 1,100 new coal plants, or more than 30 years of annual U.S. carbon emissions.
- Oil and gas expansion by the 20 Planet Wrecker countries would make it impossible to hold temperature rise to 1.5°C. Even extracting just the fossil fuels from existing sites globally would result in 140 percent more carbon pollution than the allowed budget for 1.5°C. If these countries proceed with their new extraction, committed carbon pollution will be 190 percent over the 1.5°C budget, risking locking in more than a dangerous 2°C of warming.
- Stopping new oil and gas would put the world closer to a 1.5°C aligned emissions trajectory but would not be enough. Without any new oil and gas fields or licenses anywhere, global oil and gas production would decline by two percent per year to 2030 and by five percent per year from 2030 to 2050. However, limiting heating to 1.5°C requires governments to go further by closing down already producing fields.
- The United States is Planet Wrecker In Chief, accounting for more than one-third of planned global oil and gas expansion through 2050, followed by Canada and Russia. The United Arab Emirates (UAE) is also set to be one of the largest expanders of oil and gas production despite pledging to use its COP presidency to “keep 1.5°C alive.”
- Five global north countries with the greatest economic means to rapidly phase out production are responsible for a majority (51 percent) of planned expansion from new oil and gas fields through 2050: the United States, Canada, Australia, Norway, and the United Kingdom. New drilling in countries with high incomes, diversified economies and outsized historical responsibility for causing the climate crisis, while claiming to be climate leaders, is inexcusable. These countries must not only stop expansion immediately but also move first and fastest to phase out their production and pay their fair share to fund a just global energy transition.
Julia Levin, Associate Director, National Climate, Environmental Defence Canada said: “Canada has been rightly exposed as one of the worst polluters on the planet, as a result of its plans to increase oil and gas production. It has been a devastating summer for people across Canada, who have lost their lives, their homes and their communities as a result of climate disasters. Yet governments in Canada are throwing fuel on the fire by expanding oil and gas production, while the federal government drags its feet on new rules that would cap and cut emissions from the oil and gas sector. Further delay in reducing oil and gas pollution is inexcusable.”
Caroline Brouillette, Executive Director of Climate Action Network Canada, said: “From heatwaves to wildfires to floods, Canadians have experienced devastating climate impacts this summer – all of which are linked to fossil fuels. Pollution from Canada’s oil and gas sector has risen unchecked for decades, and the sector is still planning further expansion, actively destroying our chance at a safe and healthy future. Fossil fuel companies won’t clean up their act on their own: Canada needs a strong and ambitious emissions cap to ensure the oil and gas industry finally takes responsibility.”
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