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The Oil & Gas Decarbonization Charter's member companies approved 68 new oil and gas fields in 2024, totaling 14 billion barrels of oil equivalent and projected to release nearly 5 billion metric tonnes of CO2. Despite climate pledges, these companies are forecast to increase production by 17% by 2030, diverging from IEA pathways that require significant production declines. Ten companies drive over 90% of this expansion, with total new expenditures for 2024 projects reaching nearly USD 250 billion.

This policy brief from the International Institute for Sustainable Development evaluates Canada's proposed greenhouse gas emissions cap for the oil and gas sector, arguing that while the cap is necessary, certain 'compliance flexibilities' could weaken its effectiveness.

This report by Global Energy Monitor analyzes the power sector transition across the BRICS nations (Brazil, Russia, India, China, South Africa, Egypt, Ethiopia, Iran, and the United Arab Emirates). It finds that while the bloc continues to build fossil-fueled capacity, non-fossil capacity additions are accelerating, with the share of power capacity fueled by coal, oil, and gas potentially falling below 50% by the end of 2024.

This briefing by RMI outlines how the US Department of Energy's Loan Program Office (LPO) Energy Infrastructure Reinvestment (EIR) program, combined with Inflation Reduction Act (IRA) tax incentives, provides a financial mechanism for the US oil and gas sector to transition to clean energy. The EIR program offers low-cost, long-tenor debt financing for projects that repurpose ceased energy infrastructure or reduce the operational emissions of existing facilities.

This factsheet provides an overview of methane mitigation strategies, initiatives, and policy frameworks within Nigeria's oil and gas sector, based on a landscape mapping report by the Africa Policy Research Institute (APRI).

This RMI fact sheet introduces the Oil Climate Index plus Gas (OCI+), an open-source interactive tool designed to track and analyze the methane intensity of global oil and gas resources. The document highlights the significant role of methane in industry emissions, the potential for profitable reductions, and the use of satellite technology and environmental justice mapping to mitigate climate and community risks.

This report by the Africa Policy Research Institute maps the methane mitigation landscape in Nigeria's oil and gas sector. It identifies a funding gap of US$1.5 billion needed by 2030, analyzes the alignment of national policies with global goals, and outlines the roles of various stakeholders and the challenges hindering emission reductions.

A statement by Friends of the Earth criticizing the United States for failing to use its influence at the World Bank Group to stop the financing of oil and gas projects, noting recent commitments in Africa.

This briefing by Zero Carbon Analytics examines the systemic underestimation of methane emissions in the oil and gas industry. It argues that the industry's reliance on 'component-by-component' estimation methods, often based on industry-led guidance like the API Compendium, fails to account for 'super-emitter' events and significantly diverges from independent measurements obtained via satellites and remote sensors.

This research paper examines Nigeria's strategies and policy frameworks for reducing methane emissions within its oil and gas sector. It details the country's alignment with international pledges, such as the Global Methane Pledge, and evaluates the effectiveness of national tools and regulations in curbing gas flaring and fugitive emissions.

A briefing by the NewClimate Institute evaluating the impact of sectoral initiatives announced at COP28, concluding that most lack the ambition and accountability to meaningfully close the emissions gap.

The International Institute for Sustainable Development (IISD) evaluates the Government of Canada's proposed regulatory cap on oil and gas sector emissions, arguing that while the framework is a positive step, its current targets are insufficient to meet national 2030 climate goals.

This briefing by the Canadian Association of Physicians for the Environment (CAPE) argues that implementing a federal emissions cap on the oil and gas sector would significantly reduce air pollution, prevent thousands of premature deaths, and provide substantial economic benefits to Canada.

This fact sheet by RMI outlines the critical role of methane in global warming, specifically focusing on the oil and gas sector's contribution. It highlights the high warming potential of methane, the cost-effectiveness of leak repairs, and the increasing role of aerial detection technologies in monitoring emissions.

This policy brief by the Climate Policy Initiative examines the financing gaps and opportunities for methane abatement within the oil and gas sector in Southeast Asia. It highlights that while the sector is a major methane emitter and offers cost-effective reduction opportunities, there is a significant lack of tracked financing and regulatory frameworks to drive abatement.

This report by RMI argues that financial institutions (FIs) can use asset-level emissions modeling and remote detection technologies to identify and fund methane abatement in the oil and gas sector. It highlights that methane emissions from equivalent volumes of oil and gas can vary by a factor of 10 or more, and that a significant portion of these emissions can be reduced through cost-neutral or profitable investments. The document advocates for the use of 20-year Global Warming Potential (GWP) metrics to better reflect near-term climate risks and the impact of new regulations, such as the US Inflation Reduction Act's methane fee.

This policy brief argues that self-reported methane emissions from US oil and gas operators are significantly underreported, which undermines climate progress and the effectiveness of the Inflation Reduction Act's (IRA) Waste Emissions Charge. The author advocates for the integration of empirical data and remote sensing to capture 'super-emitting' events and ensure accurate financial penalties and mitigation efforts.

This policy brief from the International Institute for Sustainable Development (IISD) examines why the costs of carbon capture and storage (CCS) remain high, particularly within Canada's oil and gas sector. It argues that high design complexity and the need for customization prevent the technology from achieving the cost reductions seen in renewable energy. While the brief suggests CCS may be necessary for hard-to-abate industrial sectors like cement, it concludes that CCS in oil and gas is an inefficient use of public funds compared to other mitigation strategies.

The Centre for Environmental Rights (CER) issued a statement to the Petroleum Agency of South Africa (PASA) expressing concerns over transparency, environmental monitoring, and the lack of Climate Change Impact Assessments (CCIAs) for upstream gas and petroleum activities.

This report by the International Institute for Sustainable Development (IISD) argues that the Canadian oil and gas sector is ill-prepared for an inevitable decline in global demand. It suggests that the federal government must take a proactive role in managing this phase-down to protect workers and communities and diversify the economy, rather than continuing with business-as-usual production expansion.