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The briefing warns that 63 oil and gas fields in development could emit 2,300 kilotonnes of methane annually by 2030, a volume comparable to current fossil fuel production emissions in Europe. It highlights a critical gap where high-emitting projects in countries exporting to the EU will reach peak capacity before EU methane regulations take full effect in 2027 and 2030. The report notes significant data transparency failures among top operators and argues that continued investment in new infrastructure undermines the Global Methane Pledge and overall climate mitigation efforts.

The report addresses the need for a transparent mechanism to measure the workforce transition in Canada following the enactment of the Canadian Sustainable Jobs Act in June 2024. It argues that tracking must go beyond counting 'green jobs' to include job quality, social equity, and governance. The authors propose a framework based on 'Risk, Response, and Results,' identifying 18 key indicators—such as community susceptibility, Indigenous partnership in governance, and sustainable job compensation—to monitor federal progress. The report emphasizes that these indicators require operational definitions and a whole-of-government approach to data collection to ensure the transition is equitable and aligned with the Paris Agreement.

Brazil is projected to increase oil and gas production by over 20% by 2030, with Petrobras driving more than half of this growth. However, analysis shows that up to 85% of Petrobrass new oil production would be economically unviable in a 1.5C world, creating significant stranded asset risks. Petrobras plans to invest USD 97 billion in oil and gas from 2025 to 2029, which is six times its spending on decarbonization and diversification. The report finds that Petrobras lags industry peers in target setting and business model diversification. To mitigate these risks, the authors recommend that the Brazilian government curb exploration licenses, redefine Petrobrass mandate toward a "harvest mode" strategy, and redirect financial flows toward clean energy, where an annual investment gap of USD 16 billion is projected by 2035.

The report finds that Canada is highly exposed to economic risks due to overinvestment in oil and gas relative to the global energy transition. Using IEA demand scenarios, it estimates that between 5% (Stated Policies Scenario) and 66% (Net Zero Emissions scenario) of projected capital investment from 2025 to 2040 could be stranded. The analysis indicates that Canadian oil is among the world's most expensive to produce, making it particularly vulnerable to price drops. The report argues that restricting the development of new fields and engaging in international diplomacy to reduce global supply could protect the industry's overall value and increase government revenues by preventing oversupply and price deflation. It also notes that U.S. tariffs on energy imports would likely amplify these risks by making Canadian production less competitive.

Reclaim Finance reports a systemic retreat from climate goals among six major European oil and gas companies. The analysis shows a trend of reducing investments in renewables and low-carbon technologies while increasing oil and gas production targets for 2030. The document highlights that these companies are ignoring the IEA's Net Zero Emissions (NZE) scenario, specifically by planning new LNG export terminals and abandoning scope 3 emission targets. It concludes by calling on financial investors to oppose board re-elections and demand transparency during upcoming general assemblies at Shell and TotalEnergies.

The report argues that six major European oil and gas companies are backtracking on climate goals by reducing investments in low-carbon activities and increasing oil and gas production targets. It highlights a significant gap between these companies' strategies and the International Energy Agency's Net Zero Emissions by 2050 scenario, noting that fossil fuels still capture over 60% of planned investments. The document specifically details reductions in renewable energy targets for BP, Eni, Shell, TotalEnergies, and Equinor, while noting that none of the six companies plan to reduce fossil fuel production.

A growing number of US communities and governments are suing fossil fuel companies, arguing they misled the public about climate change. These 'polluter pays' cases seek compensation for climate damages, mirroring the 1990s tobacco litigation. While most cases are in the US, a significant case in Peru involving RWE highlights global implications. The fossil fuel industry is responding with lobbying for legal immunity and efforts to discredit litigants, though some cases, such as Honolulu v. Sunoco LP, are advancing toward trial.

The document argues that health organizations should lead the effort to revoke the 'social license' of the fossil fuel industry by refusing to work with PR agencies linked to it. It draws a parallel between the current fossil fuel industry and the historical tobacco industry, citing CVS Health's 2014 decision to stop selling tobacco as a model for corporate responsibility. The guide outlines a 'Fossil Fuel Free Health Communications Pledge' and a three-step screening process for agencies: requesting full client disclosure, seeking a commitment to avoid future fossil fuel clients, and demanding public accountability. It also provides a list of specific questions for organizations to ask potential agencies to ensure alignment with public health and climate goals.

The document argues that fossil fuel companies use disinformation campaigns, similar to the tobacco industry's historical tactics, to obstruct climate action and harm public health. It urges health organizations to leverage their credibility and market influence—noting a healthcare advertising market valued at USD 42.28 billion in 2024—to revoke the industry's 'social license' by refusing to hire agencies with fossil fuel ties. The guide outlines a 'Commitment for Fossil-Free Health Communications' and a three-step screening process: requesting full client disclosure (specifically for the past 3 years), seeking a fossil-free commitment (such as the Clean Creatives pledge), and verifying public accountability. It cites the 2014 decision by CVS Health to stop selling tobacco products as a precedent for how health-focused entities can catalyze broader industry change by aligning business practices with health missions.

IISD recommends that the UK join the Beyond Oil and Gas Alliance, close licensing loopholes, end development consents for new oil and gas fields, and replace the 'maximising economic recovery' objective of the North Sea Transition Authority with a mandate for a managed decline in production.

Erlend Eggen, leader of Klimakultur, criticizes NRK for presenting climate change as a series of observations and consequences—such as melting glaciers and heat records—without linking them to the root cause: fossil energy sources. He contrasts this with NRK's nature loss reporting, which explicitly identifies the political and systemic drivers of environmental destruction. Eggen asserts that by omitting the connection between Norwegian oil and gas production and global climate disasters, NRK's reporting becomes 'directionless' and suggests that the network adopt the standards of 'Covering Climate Now' to ensure both causes and consequences are reported.

Reclaim Finance calls on investors to vote against strategic resolutions at 2025 annual general meetings for major oil and gas companies, arguing that traditional shareholder engagement has failed to align these firms with a 1.5°C trajectory. The document highlights that 95% of oil and gas companies continue developing new projects and that some majors, such as BP, TotalEnergies, Eni, and Equinor, are increasing production or weakening climate targets. It advocates for using opposition votes as an effective lever to signal that climate priorities must be integrated into corporate strategy.

Reclaim Finance calls on investors to shift from ineffective shareholder engagement to voting against management-proposed resolutions at 2025 AGMs for oil and gas companies. The organization highlights that 95% of upstream oil and gas companies are developing new projects despite IPCC and IEA warnings that such expansion is incompatible with a 1.5°C world. It specifically notes that majors like BP, TotalEnergies, Eni, and Equinor are backtracking on climate commitments by planning production increases. The document asserts that current collaborative initiatives, such as Climate Action 100+, have failed to align corporate strategies with 1.5°C trajectories, making strategic voting a necessary lever to signal that climate must be an integral part of corporate strategy.

The International Institute for Sustainable Development (IISD) argues that the UK must go beyond ending new exploration licenses to truly align with 1.5°C pathways. Key recommendations include ending development consents for new fields, closing loopholes for license extensions and transfers, and replacing the North Sea Transition Authority's 'maximising economic recovery' objective with one focused on a managed decline of production. IISD also urges the UK to join the Beyond Oil and Gas Alliance (BOGA) to solidify its global leadership.

The report finds that Eni's strategy prioritizes oil and gas expansion and shareholder returns over renewable energy investments. Eni's projected 2030 production levels and LNG capacity expansions significantly overshoot NZE requirements, while its diversification into renewables remains marginal, representing only 5.8% of its projected 2030 energy mix.

The report finds that Equinor is prioritizing oil and gas expansion and shareholder returns over renewable energy investments, backtracking on previous low-carbon capital expenditure and production targets. Its projected 2030 production levels and planned LNG and gas power capacities are identified as inconsistent with the IEA's Net Zero Emissions by 2050 Scenario.

The report argues that Repsol's climate strategy is insufficient, as the company continues to prioritize oil and gas expansion and shareholder returns over sustainable energy investments. It finds that Repsol's 2030 production targets exceed NZE requirements by 38%, and its diversification into renewables and green hydrogen remains a small fraction of its overall energy mix. Additionally, the report notes that Repsol has weakened its 2030 emissions targets, specifically regarding scope 1, 2, and 3 emissions.

The report finds that Shell's investment strategy prioritizes oil and gas expansion and shareholder returns over renewable energy, with 2030 production targets and LNG capacities significantly overshooting IEA Net Zero Emissions (NZE) levels. Shell's diversification into sustainable energy remains marginal, and the company has recently reduced its decarbonization targets for product carbon intensity.

The report argues that TotalEnergies' investment and production strategies prioritize oil and gas expansion and shareholder returns over climate solutions, leading to a significant overshoot of the IEA's Net Zero Emissions by 2050 Scenario.

The report finds that ExxonMobil's strategy prioritizes oil and gas expansion and shareholder returns over sustainable energy, with 2030 production targets significantly exceeding NZE levels and a lack of investment in renewable power.