Murray Worthy
@murraygwResearch analyst on all things oil and gas. Contributor at @ZerocarbonA. Newsletter sign up 👇
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Oil & Gas Decarbonization Charter member companies’ voluntary pledges mask an #OilandGas expansion spree that threatens to further drive the climate crisis and harm communities around the world. New briefing by @PriceofOil and @ZerocarbonA ⤵️ zerocarbon-analytics.org/archives/energ…
Shell wins appeal against court ruling ordering cut in carbon emissions dlvr.it/TG7Tz0
Some good reasons to raise fuel duty but no avoiding how deeply unpopular it is. Easily the most unpopular of the ones we polled recently. Unlike some of the other personal taxes, support doesn’t even change much even when you say it’s to raise funds for public services.
⚡ NEW ⚡The COP Troika - who promised 1.5°C-aligned national climate plans - are instead planning major fossil fuel expansion. The projected increase in oil and gas production by 2035 is: Brazil 🇧🇷 36% UAE 🇦🇪 34% Azerbaijan 🇦🇿 14% Read the briefing: oilchange.org/publications/t…
Several #oilandgas producing countries in the Middle East & Central Asia face major financial challenges as oil prices for 2025 are forecast to be below the level required to balance government budgets. Access the full report via the link below ⤵️ zerocarbon-analytics.org/archives/energ…
ZCA researchers will present findings from our new report on #TransitionFinance in Asia on Oct 15, 10:00-11:00 CET. The presentation will be followed by a panel discussion. Journalists are encouraged to join us via the link below and bring questions: us06web.zoom.us/webinar/regist…
Big oil is facing a soaring number of climate-focused lawsuits, a new analysis has found. It’s a sign that more communities are demanding accountability for the industry’s contributions to the #climatecrisis. Zero Carbon Analytics research in @guardian theguardian.com/us-news/2024/s…
6/ Mass balance is a kind of mathematical sleight of hand. With it, companies can label products as containing more recycled, or “circular” content, than they physically have. Europe has started to regulate mass balance; the U.S. hasn’t.
Global oil production capacity is expected to surge in coming years, led by the US & other suppliers in the Americas Based on today’s policies & trends, this would outpace demand through 2030 — putting markets on track for a surplus later this decade ➡️ iea.li/3XllxaF
With European demand already this weak, a price spike is not going to help reverse this trend. Blame it on the weather in Q1, but the performance in Q2 is almost as limp. Demand has fallen Y/Y every month, except two, since Dec. 2021. At best, the losses bottom out. #ONGT #gas
💥Wind & solar are "fastest-growing electricity sources in history" – new @EmberClimate report ⛰️They're growing faster than demand: Peak fossil fuel power in 2024 – then "inevitable" decline 🏭They already shaved 22% off fossil power, saving 4GtCO2/yr carbonbrief.org/wind-and-solar…
To keep below 1.5°C, with a 50-50 chance, would require global CO2 emissions to be zero in ~2038 (orange line). The other scenarios (blue) overshoot to ~1.6°C before going back <1.5°C in 2100 (& they start with a global carbon price in 2020). 1/
Saudi Aramco’s CEO said the world “should abandon the fantasy of phasing out oil and gas.” Check out this month’s round up of the biggest developments in the oil & gas industry through the #energytransition. ➡️zerocarbon-analytics.org/wp-content/upl… #oilandgas
Azerbaijan’s goal is to reduce greenhouse gas emissions by 40% by 2050 (using 1990 as the baseline reference year). However, the country's climate and #RenewableEnergy efforts are dwarfed by its gas export expansion plans. ➡️ Read the full article here: zerocarbon-analytics.org/archives/energ…
On Shein: - Their clothes are 65% polyester (double Zara & H&M!) - - Laundering polyester is responsible for ~35% of the microplastics in the ocean - They ship between 2-3 billion items a year - Their emission grew by 52% last year - They've 10x'ed their lobbying spend in…
Listen to Paul Simon’s “The Sound of Silence” and you hear the words of a teenager coming to terms with the disconnect between the world his parents promised and the real world to come. In the LNG market, there’s a similar generational divide. A business built on long-term…
🆕 Our @Bruegel_org European natural gas demand tracker has four new graphs, and we hope more comprehensible insights: 1) Since Jan22, demand reductions exceed those required to meet the v ambitious REPowerEU 2030 scenario 🔍 /4 (With thks to @ConorBrummell for page viz!)
BREAKING: Our latest analysis exposes how the global oil industry is complicit in fueling Israel’s war on Gaza. Here's our exclusive with @ninalakhani @guardian Countries & oil companies must be held accountable #PermanentCeaseFireNow theguardian.com/world/2024/mar…
Shell considers slowing the pace of its carbon-emissions cuts 💰 The move comes as CEO Wael Sawan delivers on a plan to allocate a greater portion of investments into oil & gas in order to give better returns to shareholders Via @MathisWilliam @lc_hurst bloomberg.com/news/articles/…
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