COP 27 Update

A huge day for Activists at COP27. It was the Fossil Fuel Phase Out Day, and it was full of Events, highlighting the Urgency of the Climate Crisis, the need to rapidly Phase-Out all Fossil Fuels, and the role that the Fossil Fuel Industry is playing in delaying Crucial Action.

Recent and Anticipated Final Investment Decisions for New Oil And Gas Production Beyond the 1.5°C Limit

The day started with the launch of a brand new Briefing revealing that New Oil and Gas production, approved or at risk of approval, over the next Three years could cumulatively lock in 70 billion tonnes (Gt) of new Carbon Pollution. That’s roughly 17% of the World’s remaining 1.5°C carbon Budget, more than what 465 Coal Plants would produce in their Lifetimes. Read the whole Briefing.

The Beyond Oil & Gas Alliance (BOGA) added New Members

Launched last year, BOGA is an alliance of Governments around the World, working towards a complete Phase-Out of Oil and Gas production. This year: Chile, Fiji, Kenya, Tuvalu, and Washington State, joined, and Portugal took another step forward and became a Core Member. Read about the Beyond Oil & Gas Alliance’s Major steps forward in Canada’s National Observer.

Activists Call on Countries to keep their ‘Stop Funding Fossils’ Promise, or Face Losing Credibility

At the COP26 Climate Conference in Glasgow last year, 39 Countries and Institutions, including many EU Nations, the U.S., and Canada, pledged to End International Public Finance for Fossil Fuels, with limited Exemptions, by the End of 2022. It was One of the most concrete outcomes of the Glasgow Summit. Now, with just a month to go, there are real concerns about whether these Pledges will actually be fulfilled.

Watch Ugandan climate Activist Vanessa Nakate, talk about what Breaking these Pledges would mean.

Read Full coverage of the State of the Glasgow Signatories’ Promises.

The First Draft of the Final COP27 Declaration falls woefully Short, Not even mentioning Oil and Gas

We’re entering the End Stages of COP27 Negotiations when Delegates discuss what will be included in the Final Declaration. The initial Drafts of the text, which might Change in the next day and a half, are being widely Criticized for a clear lack of Ambition and for some very obvious Omissions.

There’s No shortage of Commentary on this Draft, but here are a few Threads and Articles that lay out the Problem most succinctly:

- Climate Action Network International (CAN) calling out how this sets up Backsliding from Glasgow

- Fossil Fuel Non-Proliferation Treaty Initiative thread calling out Problems around Coal

- Bloomberg coverage on the Preliminary Text










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