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The document models the potential impact of different development paths on Algeria's GDP, poverty levels, and energy landscape by 2043. It finds that a 'Combined scenario'—integrating improvements in governance, education, health, and infrastructure—would significantly increase GDP per capita and reduce extreme poverty and inequality. However, this economic growth is projected to increase carbon emissions. The analysis also highlights Algeria's heavy reliance on gas and oil, while noting its potential for renewable energy development.

The report analyzes global carbon emissions, noting that 2023 saw record levels of 36.1 billion tons of CO2 equivalent from fossil fuels. It highlights the dominance of a few producers and the significant impact of coal and methane. While China and the EU are pursuing decarbonization, the US experience fluctuates with political administrations. The report forecasts a peak in emissions by 2037/8, but warns that atmospheric CO2 concentrations could reach 551 ppm by 2063, potentially leading to a 3°C temperature rise. Africa is identified as particularly vulnerable, facing increasing emissions from population growth and significant forest loss, with 100 million hectares cleared over three decades.

The document describes the LNG supply chain from extraction to re-gasification, noting that the United States has become the world's leading LNG exporter following the shale gas boom. It highlights that LNG is prone to methane leakage and high energy intensity due to the cryogenic freezing and heating processes, with emissions intensity increasing as transport distances grow. The text warns that expanding US LNG exports could increase domestic natural gas prices by 25 to 30 percent by 2050, while suggesting that monitoring, prohibiting venting, and enhancing transparency can mitigate methane emissions.

Reclaim Finance criticizes AXA for insuring the Calcasieu Pass LNG terminal in Louisiana, arguing that this contradicts AXA's stated commitments to reduce support for shale gas. The document highlights the terminal's significant local pollution, its role in global methane emissions, and the contradiction in AXA's policy of refusing to insure shale gas production while insuring the export terminals that process it.

Reclaim Finance criticizes BPCE for its continued financial support of major oil and gas developers and LNG infrastructure, noting that the bank lacks the ambitious exclusion policies and exposure-reduction targets adopted by other major French banks.

Reclaim Finance contends that ENGIE's strategy of signing long-term LNG import contracts facilitates the construction of new export terminals and the exploitation of new gas fields, specifically in the US Permian Basin. The document highlights that these contracts, some extending beyond 2040, contradict IEA Net Zero scenarios and European decarbonization goals, potentially creating stranded assets or shifting carbon risks to Asia. It specifically cites the Port Arthur LNG and Rio Grande LNG projects as examples of high-emission infrastructure supported by ENGIE, and calls for shareholders to vote against CEO Catherine MacGregor and the company's "Say on Climate" proposal.

Reclaim Finance claims that ENGIE's long-term LNG import contracts, particularly those from the United States, drive the development of new export terminals and gas fields, contradicting decarbonization scenarios. The document highlights that these contracts lock in carbon-intensive trajectories for decades and risk creating stranded assets as European gas demand declines. It specifically cites contracts linked to the Port Arthur LNG terminal and the Rio Grande LNG project, the latter of which saw its carbon capture and sequestration project abandoned. Consequently, Reclaim Finance calls on shareholders to vote against the re-election of CEO Catherine MacGregor and the 'Say on Climate' proposal.

TotalEnergies is significantly expanding its oil and gas production and LNG export capacity in the United States, with production in the US expected to grow by 8.3% annually until 2030. This strategy includes developing fields in the Barnett Shale, Eagle Ford, and the Gulf of Mexico, as well as expanding the Cameron LNG terminal and building Rio Grande LNG. Reclaim Finance highlights that this expansion is supported by several European and US banks and investors, and warns that the Rio Grande LNG project alone could emit 191 million tons of CO2e annually while violating the rights of the Carrizo/Comecrudo tribe.

The document examines the expansion of fracking in the Vaca Muerta formation, highlighting a critical gap between national economic goals and local environmental protection. It introduces the OBSERVAR geospatial platform to map risks, such as the proximity of 3,017 wells to sensitive water and population centers. The brief finds that while Neuquén has a more structured regulatory framework than Río Negro, both provinces suffer from inadequate enforcement and a lack of transparent data, with approximately 80% of fracking wastewater remaining unaccounted for. It argues for a watershed-based approach to regulation to address cross-border contamination risks.

The document examines the expansion of non-conventional hydrocarbon production in the Vaca Muerta region of Argentina, highlighting significant risks to water sources and public health. Using the OBSERVAR spatial data platform, the authors identify thousands of wells in high-risk proximity to communities and water bodies, while noting a critical lack of transparent data on wastewater management. The brief argues that current provincial regulations in Neuquén and Río Negro are insufficient or inconsistently enforced and recommends a watershed-based governance approach, the creation of buffer zones, and mandatory reviews of older conventional wells before new fracking permits are issued.

The Latin America and Caribbean (LAC) region is planning an estimated US$123.6 billion in new LNG infrastructure, primarily concentrated in Mexico, Argentina, and Brazil. Mexico has the world's third-largest planned LNG export buildout at 73.6 mtpa, largely intended to export U.S. gas from the Permian Basin. Argentina is proposing the 30 mtpa Argentina GNL Terminal to export gas from the Vaca Muerta shale basin, a project described as a "carbon bomb." Brazil is pursuing the world's fourth-largest LNG import expansion at 36.5 mtpa to reduce reliance on Bolivian gas and mitigate hydropower instability during droughts. These developments risk creating stranded assets and locking the region into gas dependence, contradicting IEA recommendations that the LNG trade peak this decade to limit warming to 1.5“. The report argues that the region's abundant renewable resources offer a more sustainable alternative to fossil fuel volatility.

The document links the increasing frequency and intensity of heatwaves, droughts, and floods in Argentina to human-caused climate change, specifically highlighting the role of fossil fuel emissions. It notes that while Argentina has a 2050 net-zero target, the government continues to prioritize oil and gas production, particularly in the Vaca Muerta fields, and provides significantly more investment to 'dirty energy' than to renewables. The briefing also identifies a lack of transparent emissions data for individual firms and notes that lobbying by fossil fuel companies has secured production-friendly policies.

The document criticizes the financing of the Stade LNG terminal in Germany, arguing that such projects create an unnecessary dependence on fossil gas and contradict climate goals. It highlights a disconnect between banks' public climate commitments and their continued funding of LNG import and export infrastructure.

The Canadian Association of Physicians for the Environment (CAPE) and other health professionals are calling on the government of New Brunswick to ban hydraulic fracturing (fracking) due to significant risks to human health. Citing a range of scientific studies, the authors link fracking to adverse birth outcomes, increased mortality, and higher rates of cancer and respiratory diseases. They also warn that LNG infrastructure releases dangerous pollutants and contributes to climate change, which they identify as the leading global threat to human health.

Reclaim Finance calls on ENGIE shareholders to oppose the company's continued investment in fossil gas, arguing that its strategy is incompatible with a 1.5°C warming limit and its own 2045 carbon neutrality goal. The organization specifically highlights the planned gas power plant in Nijmegen, Netherlands, and long-term US shale gas contracts as evidence of misalignment with climate science. It advocates for voting against the re-election of directors and executive pay at the April 30 general meeting to force a strategic shift away from gas and uncertain technologies like CCUS and biomethane.

Reclaim Finance argues that ENGIE's continued investment in fossil gas is incompatible with a 1.5°C warming limit and its own 2045 carbon neutrality goal. The organization calls on shareholders to vote against key strategic resolutions to sanction the board for failing to align capital expenditure with decarbonization goals.

Global Energy Monitor identifies 74 new oil and gas projects that could emit 2.4 million metric tonnes of methane annually by 2030, potentially undermining the Global Methane Pledge. The analysis reveals significant discrepancies between these potential emissions and the company-wide figures reported by operators to the OGMP 2.0, suggesting widespread underreporting of assets or methane intensity. A small number of fields in Saudi Arabia and Guyana account for a disproportionate share of these emissions, while new EU regulations on imported oil and gas are expected to impact many of these developments.

The report inventories major energy subsidies in South Africa, detailing fiscal support for oil, gas, electricity, coal, and nuclear energy. It highlights a significant increase in total quantified subsidies, reaching ZAR 118,317 million in FY 2022/2023, driven largely by carbon tax exemptions. The document describes specific mechanisms such as VAT exemptions for fuels, Free Basic Electricity for disadvantaged households, and various grants for state-owned enterprises like PetroSA and Eskom.

Reclaim Finance criticizes Engie for paying record dividends of 4.1 billion euros in 2023 while continuing to expand its fossil gas infrastructure, including LNG imports and new power plants in the Netherlands, Belgium, and Chile.

Global gas pipeline construction has increased by 18% over the previous year, with approximately 69,700 km under construction at a cost of US$193.9 billion. Asia accounts for 82% of this construction, led by China and India. Other significant activities include the U.S. expanding export capacity from the Permian Basin and Haynesville Shale, and Argentina developing infrastructure for the Vaca Muerta shale gas reserve.