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THE FUTURE OF OIL AND GAS: STRATEGIES, CHALLENGES, AND REALITIES OF OIL AND GAS PHASE OUT IN THE G20
The report argues that G20 countries are locked into oil and gas systems due to economic, geopolitical, and institutional factors, despite climate commitments. It highlights a contradiction where G20 nations are on track to produce and consume more than twice the fossil fuels permitted under a 1.5°C pathway. The document analyzes the role of National Oil Companies (NOCs), the limitations of carbon capture and storage (CCS), and the regressive nature of fossil fuel subsidies. It proposes a 'Just Transition Taxonomy' to ensure the phase-out protects workers and marginalized communities, particularly in the Global South, and recommends legislating national phase-out plans and redirecting subsidies toward renewable energy.
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Document type: Report
Advancing the Just Energy Transition through Clean Energy Procurement
The report advocates for 24/7 Carbon-Free Energy (CFE) as a mechanism to ensure a just energy transition. By requiring corporations to match their electricity consumption with carbon-free generation on an hourly and local basis, 24/7 CFE incentivizes a diverse portfolio of energy resources beyond just wind and solar, including next-generation 'clean firm' technologies. This approach is presented as a way to create high-quality, permanent jobs for dislocated fossil fuel workers, reduce local air pollution, and enhance grid resilience. The document aligns 24/7 CFE with the G20's Just and Inclusive Energy Transition (JIET) Compact and provides best practices for corporate buyers to maximize social and economic benefits through community engagement and equitable hiring.
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Document type: Report
Geologic Hydrogen in Context
The document examines geologic hydrogen—molecular hydrogen formed naturally underground—as a potential low-cost, low-emissions energy source. It details three extraction pathways: natural accumulation, stimulated accumulation, and stimulated generation. While offering theoretical costs as low as $0.50 to $1.00 per kilogram and vast global reserves estimated at 5-6.2 trillion tons, the resource faces significant hurdles, including extreme resource uncertainty, a lack of commercial-scale extraction methods, and potential methane leakage during production.
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Document type: Fact sheet
Powering the Future: What 50 Years of Enhanced Geothermal Teaches Us Today
The report examines 50 years of Enhanced Geothermal Systems (EGS) development, synthesizing data from 103 projects to identify trends in drilling speed, cost, and production. It highlights a shift toward commercial viability driven by oil and gas techniques, such as horizontal drilling and multi-well pads, and notes a surge in power purchase agreements (PPAs) totaling over 610 MWe. The analysis emphasizes that while incremental and step-change innovations have improved performance, further research into superhot rock and better data transparency are needed for global scaling.
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Document type: Report
The energy transition in oil and gas: June roundup
The June roundup highlights a decline in oil production investment and a surge in clean energy spending, with solar investment nearly equaling oil production spending. It analyzes the resilience of oil markets despite conflict in the Middle East, the acceleration of peak oil demand due to electric vehicle adoption in China, and various national policy shifts in the UK, Canada, and the US. Additionally, it reports on 'world first' projects in hydrogen blending and carbon capture and storage (CCS) in the US and Norway.
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Document type: Newsletter
When banks manipulate numbers: a response to BPCE
Reclaim Finance disputes claims by Banque Populaire Caisse d’Epargne (BPCE) that it is reducing fossil fuel financing, asserting that BPCE's reporting excludes critical activities like gas liquefaction and bond underwriting. The document argues that BPCE's renewable energy targets are insufficient for a 1.5°C pathway and that the bank applies a double standard by aggregating financing types when reporting renewable investments but rejecting the same method for fossil fuel reporting.
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Document type: Statement
Quand les banques manipulent les chiffres : notre réponse à BPCE
Reclaim Finance challenges BPCE's claims that it is reducing fossil fuel financing, asserting that the bank's methodology excludes critical activities like LNG terminals and bond issuance. The document argues that BPCE's renewable energy targets are insufficient to meet 1.5°C goals and that the bank inconsistently aggregates financial data to inflate its green credentials while minimizing its fossil fuel exposure.
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Document type: Statement
From Ambition to Realisation: A Vision for Germany’s Decarbonisation
The report advocates for a technology-inclusive energy strategy for Germany to achieve net-zero emissions by 2050. It argues that relying solely on weather-dependent renewables leads to higher system costs, price volatility, and infrastructure bottlenecks. The author proposes an 'options-based portfolio' including nuclear energy, carbon capture and storage (CCS), clean hydrogen, fusion, and superhot rock geothermal energy. Key recommendations include restarting nuclear plants, prioritising clean hydrogen for hard-to-abate industrial sectors, and implementing the EU Methane Regulation to reduce potent greenhouse gas emissions.
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Document type: Report
The geography of clean energy investments in the U.S.
The document analyzes how federal clean energy incentives have driven over $321 billion in investments across the U.S. between Q2 2022 and Q1 2025, highlighting that these investments are heavily concentrated in Southern and Western states and Republican-held congressional districts. It argues that rolling back these incentives would disproportionately harm these regions and jeopardize significant outstanding investments in states like Louisiana and North Dakota, as well as major projects in emerging hubs like Southern Arizona and the Southeast.
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Document type: Briefing
Innovation Fund – evaluation of its operation
Carbon Market Watch critiques the EU Innovation Fund for disproportionately funding carbon capture and storage (CCS) and carbon capture and utilisation (CCU), particularly in the cement and lime sector. The organization argues that the fund should prioritize technologies that encourage material savings and explicitly include material saving as a mandatory assessment criterion for projects.
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Document type: Statement
Strategy at the Geopolitical Crossroads: The Imperative for Secure and Clean Energy in Central and Eastern Europe
The policy brief examines the energy landscape of Central and Eastern Europe (CEE) following Russia's invasion of Ukraine, highlighting the region's struggle to balance immediate energy affordability with long-term decarbonisation. It identifies new security risks, specifically China's dominance in clean energy supply chains and conflicting policy signals from the US and EU. The author advocates for a technology-neutral approach—integrating nuclear, renewables, and emerging technologies like CCS—and suggests that CEE can become a clean-tech manufacturing hub. Furthermore, it emphasizes the strategic importance of integrating Ukraine, Moldova, and the Western Balkans into the EU energy grid to enhance regional resilience.
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Document type: Policy brief
PETROGANDAPRISEN 2025
The Petrogandaprisen 2025 identifies numerous instances of the oil industry's influence in Norway, categorizing nominees into eight areas: education for children and youth, sports, public festivals, campaigns, media and public debate, research, art and culture, and health and humanitarian work. The document argues that companies like Equinor, Vår Energi, and Aker BP use sponsorships and partnerships to create a positive image, target young audiences, and obstruct climate action. Specific examples include Equinor's sponsorship of the First Lego League and the Festspillene i Bergen, Vår Energi's funding of regional sports halls, and Aker BP's 'Rebels' marketing campaigns. The report also criticizes the role of media outlets like NRK and Dagens Næringsliv, as well as research institutions and humanitarian organizations like the Red Cross, for facilitating or ignoring the industry's impact on the climate crisis.
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Document type: Report
PETROGANDA PRIZE 2025 nominees: the long list
The Petroganda Prize 2025 long list identifies various entities and campaigns in Norway that the publisher, Klimakultur, views as 'petroganda'. The document categorizes these nominees into eight areas: children and youth education, sports, folk festivals, campaigns, media and public debate, research, arts and culture, and health and humanitarian work. It specifically highlights how companies like Equinor, Vår Energi, Aker BP, and Gassco sponsor science centers, sports teams, and art festivals to create a narrative of being 'part of the solution' to the climate crisis. The document argues that these partnerships allow the fossil fuel industry to influence young people and the public, effectively masking the environmental and health damages caused by oil and gas production.
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Document type: Report
How States Can Lead the Charge on Industrial Decarbonization
The industrial sector accounts for nearly a quarter of US greenhouse gas emissions in 2022, characterized by process-based and high-temperature emissions. Using an analysis of Washington state, RMI demonstrates that emissions-intensive, trade-exposed (EITE) sectors—particularly refineries, which produce 68 percent of EITE emissions—could reduce emissions by 39 percent by 2035 and 91 percent by 2050. This transition would require an additional 13,975 GWh of annual electricity by 2050 in Washington, representing a 65 percent increase in industrial demand. To enable this, states must leverage tools such as grid access, permitting reform, and financial supports like green banks to complement federal incentives.
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Document type: Briefing
TESTIMONY OF LISA EVANS, SENIOR COUNSEL, EARTHJUSTICE BEFORE THE SUBCOMMITTEE ON ENERGY AND ENVIRONMENT, COMMITTEE ON ENERGY AND COMMERCE, U.S. HOUSE OF REPRESENTATIVES
The document details the widespread groundwater contamination caused by coal ash at U.S. power plants, where 91 percent of plants exceed federal safe standards. It highlights the dangers of 'sham recycling'—specifically using coal ash as soil fill—and contrasts this with legitimate encapsulation in concrete and gypsum. The testimony criticizes the Trump administration's efforts to cede enforcement to states and weaken federal regulations, while providing evidence that 'closure by removal' of ash ponds leads to significant water quality improvements and economic benefits for local communities.
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Document type: Briefing
Canadian Oil and Gas Production in the Global Clean Energy Transition
The report finds that a significant portion of future capital investments in Canadian oil and gas (2025–2040) are at risk of becoming stranded, particularly under a 1.5°C climate scenario where up to 66% of investments could be lost. It argues that restricting oil and gas development would mitigate economic risks for investors and government, suggesting that Canada should limit expansion and redirect revenues toward clean industries.
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Document type: Report
Harnessing Carbon Removal Opportunities in Desalination
The report examines how coastal desalination plants can integrate carbon removal technologies, such as Direct Ocean Capture (DOC), Electrochemical Ocean Alkalinity Enhancement (eOAE), and Direct Air Capture (DAC), by leveraging existing seawater pumping infrastructure and brine outflows. It identifies significant synergies, including reduced energy costs when using concentrated brines and potential energy savings of up to 30% through shared infrastructure. While theoretical carbon removal capacities are high—with eOAE potentially reaching 200 MtCO2/y under ideal conditions—the report highlights critical constraints such as high low-carbon energy requirements (up to 2.8 MWh/tCO2), the need for large-scale acid or chlorine byproduct offtake, and the necessity for rigorous environmental safety testing regarding pH and salinity changes in marine ecosystems.
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Document type: Report
Greenhouse gas removals: call for evidence
Ember's submission to the Independent Review of Greenhouse Gas Removals warns against overreliance on Power BECCS, citing significant delays at the Drax power station, technological uncertainty, and high costs to consumers. The document highlights that Drax's BECCS project has been delayed to the early 2030s despite substantial public subsidies and that the technology's carbon neutrality is scientifically contested. Ember notes a 60.1% decrease in estimated residual emissions to be balanced by engineered removals between the 6th and 7th Carbon Budgets. It further argues that Power BECCS creates a dangerous dependence on imported biomass, with over 99% of Drax's 2024 wood pellets being imported, primarily from North America. The report recommends winding down Drax subsidies after 2031 and prioritising decarbonisation of easier-to-abate sectors like power, buildings, and transport.
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Document type: Report
The IEEJ: Japan's Unrealistic Gas Forecasts
The Institute for Energy Economics Japan (IEEJ) produces energy forecasts with significantly higher gas demand and carbon emissions than those of the IEA, ExxonMobil, and BP. This is driven by higher projected costs for solar and wind, a preference for thermal power as a backup to renewables, and optimistic forecasts for carbon capture and storage (CCS) deployment. The IEEJ maintains close ties to the Japanese government and industry, while Japan remains a major global financier and trader of gas.
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Document type: Fact sheet
Congress’s cuts threaten America’s technology progress
The policy brief identifies a "missing middle" investment gap where energy infrastructure projects are too large for venture capital but too risky for institutional investors. It proposes a systemic bankability framework consisting of nine conditions—including risk management, regulatory certainty, and infrastructure access—that the federal government must help establish to catalyze private investment. The authors warn that proposed House budget reconciliation cuts to tax credits and the cessation of Department of Energy grant and loan programs threaten the commercialization of strategic technologies like CCS, nuclear, and geothermal energy.
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Document type: Policy brief