Holding oil and gas producers accountable

A coalition of organisations calls on the EU to maintain Article 18 of the Net-Zero Industry Act, which proposes mandatory CO2 storage injection capacity contributions from oil and gas producers based on their EU production share. The authors argue that this applies 'Extended Producer Responsibility' to the sector most responsible for the climate emergency, especially since the market has failed to deliver such capacity and public finances should be protected from the burden.

• The European Commission's proposal for the Net-Zero Industry Act includes Article 18, which suggests that oil and gas producers should make a mandatory, individual contribution to the Union-wide target for available CO2 injection capacity, calculated according to their share of production within the EU.
• The signatory organisations view Article 18 as a way to apply the principle of Extended Producer Responsibility to the oil and gas sector, which they identify as the sector most responsible for the climate emergency.
• The authors argue that mandatory contributions are necessary because the market has failed to provide CO2 injection capacity in the EU, and they advocate for the oil and gas sector to fund these contributions independently, supported by fines or penalties for non-compliance.
• The signatories express concern that some EU Member States are attempting to weaken or remove Article 18 to protect the oil and gas sector from financial responsibility.

APA

Clean Air Task Force (2023). Holding oil and gas producers accountable. https://cdn.catf.us/wp-content/uploads/2023/10/31052446/CSO-Open-Letter-on-OG-Contribution-Net-Zero-Industry-Act.pdf

Chicago

Clean Air Task Force. Holding oil and gas producers accountable. 2023. https://cdn.catf.us/wp-content/uploads/2023/10/31052446/CSO-Open-Letter-on-OG-Contribution-Net-Zero-Industry-Act.pdf.

Wikipedia

{{cite press release |author=Clean Air Task Force |title=Holding oil and gas producers accountable |date=30 October 2023 |url=https://cdn.catf.us/wp-content/uploads/2023/10/31052446/CSO-Open-Letter-on-OG-Contribution-Net-Zero-Industry-Act.pdf |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@misc{cleanairtaskforce2023holding, author = {{Clean Air Task Force}}, title = {{Holding oil and gas producers accountable}}, publisher = {Clean Air Task Force}, year = {2023}, month = oct, url = {https://cdn.catf.us/wp-content/uploads/2023/10/31052446/CSO-Open-Letter-on-OG-Contribution-Net-Zero-Industry-Act.pdf}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }