Simplifying Stop New Fossil Fuel Extraction to Achieve Climate Targets?
I’m writing to share a new animated video from the Heinrich Böll Foundation and Oil Change as part of HBF’s “Radical Realism” series, highlighting the urgent need for governments to step in and manage the phase-out of oil and gas production to meet our climate goals and protect communities.
As the video explains, Oil Change’s research shows that burning just the oil and gas in already operating fields would blow the world’s carbon budget for 1.5ºC. In other words, it’s not enough to simply stop new fossil fuel extraction to achieve climate targets. Governments and investors must take action to close oil and gas fields and coal mines early, while implementing just transition measures at every step of the way.
Collin Rees // Senior Campaigner, Oil Change International & Oil Change U.S. // @collinrees // +1 308 293 3159