Mettre fin aux soutiens financiers au pétrole et au gaz : zoom sur 5 des secteurs pétro-gaziers les plus risqués
Summary
The briefing identifies five 'non-conventional' oil and gas sectors that pose disproportionate risks to the 1.5°C warming limit and the environment. It details the high carbon intensity of oil sands and shale, the methane leakage associated with LNG and shale, and the ecological fragility of the Arctic and deepwater offshore environments. The document also highlights the financial instability of these sectors, citing high operational costs and the risk of stranded assets, and calls on French financial actors to adopt exit strategies.
Key insights
- To limit global warming to 1.5°C, fossil fuel production must decrease by 6% annually starting now, with oil and gas specifically needing reductions of 4% and 3% per year respectively.
- Shale oil and gas development in North America is projected to be a major driver of production growth, potentially consuming 33% to 47% of the remaining carbon budget by 2050 if current trends continue, largely due to methane leaks.
- Liquefied Natural Gas (LNG) is not a clean transition fuel; its lifecycle emissions can be up to double those of simple combustion, and in some scenarios, it can be nearly 16% more polluting than coal for electricity generation.
- Canadian oil sands are among the most polluting sources of oil, emitting an average of three to four times more CO2 during production than other oil sources, and their total reserves could consume 16% of the 1.5°C carbon budget.
- Deepwater offshore drilling (depths over 1,500 meters) faces extreme operational risks, where the probability of accidents increases by 8.5% for every 30 meters of depth, and recovery of leaked oil is significantly lower than industry claims.
- Oil and gas exploitation in the Arctic creates a dangerous feedback loop where black carbon (soot) from flaring deposits on ice, reducing its reflectivity and accelerating global warming.
- These five sectors are financially precarious; shale companies have seen widespread bankruptcies (215 between 2015 and 2020), and LNG infrastructure faces a high risk of becoming stranded assets due to an unstable economic environment and the rise of renewables.
Cite the original document
- APA
- Reclaim Finance (n.d.). Mettre fin aux soutiens financiers au pétrole et au gaz : zoom sur 5 des secteurs pétro-gaziers les plus risqués. https://reclaimfinance.org/site/wp-content/uploads/2021/07/Zoom-sur-cinq-des-secteurs-petro-gaziers-les-plus-risques.pdf
- Chicago
- Reclaim Finance. Mettre fin aux soutiens financiers au pétrole et au gaz : zoom sur 5 des secteurs pétro-gaziers les plus risqués. n.d. https://reclaimfinance.org/site/wp-content/uploads/2021/07/Zoom-sur-cinq-des-secteurs-petro-gaziers-les-plus-risques.pdf.
- Wikipedia
- {{cite report |author=Reclaim Finance |title=Mettre fin aux soutiens financiers au pétrole et au gaz : zoom sur 5 des secteurs pétro-gaziers les plus risqués |url=https://reclaimfinance.org/site/wp-content/uploads/2021/07/Zoom-sur-cinq-des-secteurs-petro-gaziers-les-plus-risques.pdf |access-date=23 October 2026 |via=Climate Insights Directory}}
- BibTeX
- @techreport{reclaimfinancendmettre, author = {{Reclaim Finance}}, title = {{Mettre fin aux soutiens financiers au pétrole et au gaz : zoom sur 5 des secteurs pétro-gaziers les plus risqués}}, institution = {Reclaim Finance}, url = {https://reclaimfinance.org/site/wp-content/uploads/2021/07/Zoom-sur-cinq-des-secteurs-petro-gaziers-les-plus-risques.pdf}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }
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