Media Advisory / Press Invitation

Investments in Oil and Gas Production Over the Next Five Years Will Lock-In More than 1.5°C of Global Warming

17 nonprofit organizations launch a new report — Oil, Gas and The Climate: An Analysis of Oil and Gas Industry Plans for Expansion and Compatibility with Global Emission Limits — and call for a phase out of production.

WHAT: The Global Gas and Oil Network supported by Oil Change International; 350.org; Center for Biological Diversity; Center for International Environmental Law; CAN-Rac Canada; Earthworks; Environmental Defence Canada; Fundación Ambiente y Recursos Naturales: FARN; Global Witness; Greenpeace; Milieudefensie (Friends of the Earth Netherlands); Naturvernforbundet; Observatorio Petrolero Sur; Overseas Development Institute; Platform; Sierra Club; and Stand.Earth will release a report outlining oil and gas sector plans to invest USD 1.4 trillion developing new oil and gas projects between 2020 and 2024.

The expert panel will discuss implications for staying below 1.5°C of warming, where new oil and gas projects are planned, and the 25 companies responsible for nearly half of the planned extraction.

Expansion in the United States, Canada, and Argentina will be highlighted as the countries where most of the new extraction is planned for. Examples of actions to curb new fossil fuel production and restrict financing of new oil and gas production will be presented.

WHO:

Tzeporah Berman, International Program Campaign Director, Stand.Earth

Kelly Trout, Senior Research Analyst, Oil Change International

Rebekah Hinojosa, Organizer – Beyond Dirty Fuels, Sierra Club

María Marta Di Paola, Directora de Investigación, Fundación Ambiente y Recursos

Naturales: FARN

WHEN: Thursday, December 5, 2019. 2:00 pm CET/8:00am EST.

WHERE:

The MOCHA Press Conference Room at COP25

Livestreamed at https://unfccc-cop25.streamworld.de

The embargoed report and media pack including a Spanish version of the report will be available at 2:30pm CET / 8:30am EST at www.GGON.org.