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The Canadian Climate Institute responds to criticisms from the Canadian Gas Association, asserting that a gradual transition to electric heating is necessary to avoid costly stranded assets. The Institute argues that continuing to expand gas infrastructure by default risks burdening taxpayers for decades, as these assets may become obsolete before their 40-year lifespan ends. It dismisses the idea that low-carbon gases like hydrogen and biomethane can fully replace fossil gas due to limited supply and high costs, advocating instead for energy-efficient electric heat pumps and better regulatory planning to ensure a just transition.

The report highlights a significant gap in emissions reporting among Indonesia's ten largest coal mining companies, where six fail to include coal mine methane (CMM) in their inventories. Despite national regulations and international standards, CMM emissions are often overlooked in favour of carbon dioxide reductions, potentially doubling the reported emissions of some companies. The document warns that increasing coal production quotas amidst declining global demand creates stranded asset risks and environmental impacts. It recommends that companies adopt comprehensive GHG inventories, re-assess investment risks in light of global methane pricing trends, and implement technical abatement measures such as pre-mine drainage.

The Western Balkans have over 23 GW of prospective utility-scale solar and wind projects, a 70% increase from the previous year. This capacity could render proposed gas-fired power plants obsolete, potentially averting 103 million tonnes of lifetime CO2 emissions and saving over €9 billion in energy costs and stranded assets. Currently, operating utility-scale solar and wind account for only 7% of the regional electricity mix (1.5 GW). Serbia leads the region in both operating (29%) and prospective (47%) capacity, though its construction rate is among the lowest. The report argues that the region should prioritize a just energy transition over gas-fired power, which is being promoted by EU, U.S., and Russian interests, to avoid carbon lock-in and import dependence.

The 2024 Global Steel Plant Tracker and Global Blast Furnace Tracker data show a growing momentum toward electric arc furnace (EAF) steelmaking, with 49% of capacity under development using this route. However, significant carbon lock-in risks persist as 308 mtpa of new coal-based blast furnace capacity is under development, primarily in Asia. India has surpassed China as the top overall steel developer, though China remains the largest operator of emissions-intensive capacity. While direct reduced iron (DRI) capacity is increasing, its climate impact depends on the transition to green hydrogen reducing agents, as much current capacity relies on methane or coal.

The report analyzes the financial support provided by 354 banks to the top 100 steelmakers, finding that $429 billion was provided between 2016 and June 2023. It highlights a critical gap between banks' climate commitments and their continued funding of coal-dependent blast furnace-basic oxygen furnace (BF-BOF) projects. The document argues that continuing to fund these assets creates significant stranded asset risks, estimated at $554 billion, and urges a shift toward green hydrogen direct reduced iron (DRI) and electric arc furnace (EAF) technologies.

Reclaim Finance analysed the 2024 AGM votes of Amundi, the largest European asset manager, across six major oil and gas companies. The analysis finds that Amundi consistently supports the financial accounts of these firms and the re-election of most directors despite their climate strategies being incompatible with a 1.5°C trajectory. The report highlights a particular lack of scrutiny for TotalEnergies, where Amundi is the largest shareholder and voted in favour of all resolutions. While Amundi voted against some chairs and remuneration packages at Shell and BP, it provided no public climate-related justification for these decisions, leading to ambiguity regarding its motivations.

Reclaim Finance criticizes Amundi, Europe's largest asset manager, for its inconsistent and insufficient voting practices at the 2024 general assemblies of major European oil and gas companies. The analysis finds that Amundi frequently supports the reelection of directors and financial accounts of companies like TotalEnergies, Shell, and BP, despite these firms lacking climate plans aligned with a 1.5°C trajectory. While Amundi opposed some leadership reelections at Shell and BP, the lack of public justification leaves it unclear if these votes were based on climate concerns or general governance. Reclaim Finance calls for Amundi to implement systematic climate criteria that trigger automatic votes against resolutions when companies continue fossil fuel expansion.

The briefing argues that current oil and gas production trajectories are incompatible with the Paris Agreement, with projected production by 2050 potentially exceeding 1.5°C-aligned needs by 260% for oil and 210% for gas. It advocates for a coordinated global phase-out led by the G7 and G20, emphasizing that new extraction projects must cease immediately. The author highlights the necessity of climate finance, noting a gap between current annual climate finance (USD 1.3 trillion) and the required green transition investment for emerging and developing economies (USD 2.4 trillion). To ensure equity, the document suggests assessing transition capacity based on GDP per capita, government revenue shares from fossil fuels, and workforce employment in the sector, while calling for the phase-out of fossil fuel subsidies and the implementation of innovative funding, such as taxes on fossil fuel company revenues.

The report warns that Nigeria's 'decade of gas' strategy, involving a planned USD 18.5bn investment in LNG infrastructure, risks creating stranded assets as global demand is forecast to fall by 2030. While Nigeria is currently the world's sixth largest LNG exporter, the report argues that prioritizing LNG may hinder economic diversification, increase fossil fuel subsidies, and expose the economy to external price fluctuations and climate-driven demand declines in Europe.

The document assesses the viability of Canada's planned LNG expansion, concluding that it is incompatible with 1.5°C global warming targets and economically precarious. It highlights that new facilities would increase domestic emissions and divert clean energy resources. Economically, the brief warns of a global supply glut by 2030, with Canadian projects struggling to compete against lower-cost producers in Qatar and the United States, thereby risking significant losses for taxpayers and investors.

ClientEarth and Carbon Tracker Initiative argue that the PRMS 2018 framework is 'climate-blind' and fails to account for the energy transition, risking the accumulation of stranded assets. They propose introducing an 'atmospheric viability' test to determine if reserves are compatible with a 1.5°C warming limit and suggest comprehensive updates to 'defined conditions' and 'commerciality' criteria to include physical and transition climate risks.

The document argues that achieving cost-effective net-zero emissions in Canada's building sector requires a significant shift toward electrification and a cessation of gas network expansion. It highlights a misalignment between current utility regulations—which continue to incentivize gas infrastructure growth—and the necessary transition to clean energy. The briefing recommends that provincial governments legally mandate net-zero targets for regulators, prioritize electrification over gas for new developments, and develop managed contraction plans for existing gas networks to avoid stranded assets and protect taxpayers.

The report argues that achieving cost-optimal carbon neutrality in Canada's building sector requires a massive shift toward electrification, primarily through heat pumps, and a significant reduction in gas network reliance. It warns that current regulatory inertia and the continued expansion of gas infrastructure create risks of 'stranded assets' and higher costs for taxpayers. The authors recommend that provincial governments provide clear long-term strategic guidance, mandate net-zero targets, and empower regulators to prioritize electrification over gas expansion to protect long-term affordability and reliability.

The document outlines the necessity of shifting Canada's building heat from gas to electricity to meet net-zero targets cost-effectively. It warns that continued expansion of gas networks risks creating stranded assets and higher costs for ratepayers. The author argues that current utility regulation is insufficient for the energy transition and recommends that provincial governments legislate net-zero targets, prioritize electrification over gas expansion, and implement managed contractions of gas networks while centering equity in policy design.

The report finds that a cost-optimal path to net zero in Canada requires a massive shift toward electrification of building heat, with electricity powering 78% to 91% of annual space heating demand by 2050. It argues that continued expansion of gas networks is inconsistent with these goals and risks creating stranded assets. The analysis highlights a critical gap in provincial policy leadership, noting that current utility regulation—which incentivizes infrastructure growth—is ill-suited for the energy transition. To mitigate risks, the report recommends that provincial governments legislate net zero targets, mandate electrification for new buildings, and equip regulators to manage the gradual contraction of gas networks while investing in electricity capacity and peak demand management.

The report finds that Canadian institutions provided between CAD 7.6 billion and CAD 13.5 billion annually to the fossil fuel sector from 2020 to 2022, while providing only CAD 147 million annually for domestic renewable energy. It identifies Export Development Canada (EDC) as the primary provider of this finance and highlights a critical lack of transparency in reporting. The authors recommend a comprehensive policy that covers the entire fossil fuel life cycle, includes existing investments like the Trans Mountain Pipeline Expansion, and precludes funding for carbon capture and storage (CCS) and blue hydrogen. The report suggests redirecting these funds toward clean electricity and Indigenous-led generation to support Canada's energy transition.

The document assesses the viability of Canadian LNG expansion, concluding that it is incompatible with climate goals and economically precarious. It highlights that new facilities would increase domestic emissions and potentially strand assets due to a projected global supply glut and declining demand in advanced economies. The brief specifically notes that Canadian projects face higher production costs than competitors in Qatar and the United States, making them reliant on substantial public subsidies. It recommends a shift in investment toward green industries to avoid economic shocks and environmental damage.

The report evaluates Nigeria's strategy to expand LNG production to offset declining oil revenues, warning that such investments risk becoming stranded assets as global demand shifts toward clean energy after 2030. It highlights that while Nigeria is the world's sixth-largest LNG exporter, the sector has not significantly improved domestic energy access or reduced poverty, and continues to be linked to environmental degradation and social conflict in the Niger Delta.

The report argues that while GDP growth suggests sound economic development in Trinidad and Tobago from 1995 to 2020, an analysis of comprehensive wealth reveals an unsustainable path. The country's wealth is heavily skewed toward the petroleum industry, leaving non-oil sectors like agriculture, fisheries, and forestry under-invested. Additionally, human capital has declined globally from 35th in 2009 to 46th in 2018, and financial capital contributes little to overall wealth despite sovereign wealth fund efforts.

The petition argues that the Upstream Petroleum Resources Development Bill (B13B – 2021) violates the South African Constitution and the One Environmental System (OES). It highlights the Bill's failure to provide adequate local economic development frameworks, its acceleration of fossil fuel extraction during a climate emergency, and its insufficient public participation and consultation processes. The petitioners urge the President to refer the Bill back to Parliament for redrafting to align with human rights and climate science.