A rapid shut down of Norwegian gas and oil extraction is necessary to be in line with the Paris agreement. The loss of GDP may only be 1% in 2050 compared to business as usual.
Swedish refinery at crossroads: 2X fossil future contested
The Preem oil refinery in Sweden wants to expand, greatly increasing its CO2 emissions and those of Sweden. It may wreck Sweden’s climate target. It may also help the Norwegian fossil industry’s effort to pitch CCS. What happens now is up to the government.
Huge benefits from ending subsidies to fossil fuel
Fossil fuel subsidies support an industry that causes premature deaths and ill-health worldwide – the health costs associated with fossil fuel use are more than sixfold the subsidies.
The government has scrapped the Tavira and Aljezur onshore oil exploration and extraction contracts. The concession contracts covering offshore exploration blocks ..
