New Research Exposes 5 Global North Countries Responsible for 51% of Planned Oil and Gas Expansion Through 2050

Here is the study (pdf): priceofoil.org/…/OCI-Planet-Wreckers-Report-Final…

TLDR:

The United States is “Planet Wrecker-In-Chief”, accounting for more than one-third of CO2 pollution from planned global oil and gas expansion through 2050, followed by Canada, Australia, Norway, and the United Kingdom, according to a research report by Oil Change International.

Only 20 countries are responsible for nearly 90 percent of the carbon-dioxide (CO2) pollution threatened by new oil and gas fields and fracking wells planned between 2023 and 2050. If this oil and gas expansion is allowed to proceed, it would lock in climate chaos and an unlivable future, according to Planet Wreckers, the report says.

The United Arab Emirates (UAE), this year’s host of crucial UN negotiations, 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”.

Oil and gas expansion from the 20 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% more carbon pollution than the allowed budget for 1.5°C. If these countries proceed with new extraction, committed carbon pollution from fossil fuel production will be 190% over the 1.5°C budget, risking locking in more than a dangerous 2°C of warming, and an unlivable future for all.