The environmental group Stand.earth announced on Monday that 530 organizations have signed on to the Lofoten Declaration, which calls for rapidly phasing out fossil fuels on a global scale and transitioning to clean energy, as world leaders and activists gathered in New York City for the United Nations Climate Action Summit.

"True leadership in response to the climate emergency means having the courage to commit to ending the expansion of oil and gas production and make a plan to transition communities and workers to better opportunities."

—Catherine Abreu, Climate Action Network

"If a house is on fire, you don't add fuel. True leadership in response to the climate emergency means having the courage to commit to ending the expansion of oil and gas production and make a plan to transition communities and workers to better opportunities," said Catherine Abreu of Climate Action Network, one of the hundreds of groups from 76 countries backing the declaration.

Drafted by academics, analysts, and activists at a conference in Norway's Lofoten Islands in 2017, the declaration says in part that "global climate change is a crisis of unprecedented scale, and it will take unprecedented action to avoid the worst consequences of our dependence on oil, coal, and gas. Equally as critical as reducing demand and emissions is the need for immediate and ambitious action to stop exploration and expansion of fossil fuel projects and manage the decline of existing production in line with what is necessary to achieve the Paris climate goals."

"It is the urgent responsibility and moral obligation of wealthy fossil fuel producers to lead in putting an end to fossil fuel development and to manage the decline of existing production," continues the declaration, which highlights major scientific findings and expresses support for frontline communities already enduring consequences of the climate crisis. "We call on these governments and companies to recognize that continued fossil fuel exploration and production without a managed decline and a just transition is irreconcilable with meaningful climate action."

In spite of increasingly urgent warnings from scientists about the impacts of fossil fuels as well as mounting calls from the public for world leaders to pursue bolder policies to drive down planet-warming emissions and combat the human-caused climate crisis—including the millions of people who took to the streets across the globe last week for a youth-led climate strike—the oil and gas industry continues to expand.

This is like a tobacco company announcing an exciting new kind of cigarette. https://t.co/0bWCpkDS0i — Dr. Jonathan Foley (@GlobalEcoGuy) September 22, 2019

Over the next five years, according to Stand.earth, the fossil fuel industry plans to spend $1.4 trillion to boost production around the world, which will result in an additional 92 gigatonnes of carbon pollution and further decrease the likelihood that the international community can meet the Paris agreement goal of limiting global temperature rise by 2100 to well below 2°C above pre-industrial levels.

"Everyone knows the world must dramatically reduce production and emissions of fossil fuels if we are going to have a safe climate. Yet everyone continues to argue that their oil and gas expansion fits within a global plan. The math doesn't work," Tzeporah Berman of Stand.earth said Monday. "Expansion of oil and gas threatens us all and we need to stop pretending the solution is a technological fix and stop expansion by regulating production globally."

Alex Doukas of Oil Change International, which also supports the declaration, noted that "with the transition to clean energy well underway, a growing number of investors see oil and gas projects as a bad investment."

The global movement that pressures institutions and governments to divest from the oil and gas industry recently celebrated a major milestone, revealing earlier this month that campaigners have secured divestment commitments from more than 1,110 institutions with over $11 trillion in assets. However, despite these strides in divestment, world governments keep pouring billions of dollars of subsidies into propping up the fossil fuel industry.

"We're in the midst of a climate emergency," said Doukas, "and [the] massive surge in climate activism makes it increasingly untenable for financiers to continue wasting money on an oil and gas industry that ultimately needs to disappear if we're serious about climate action."

Read the Lofoten Declaration: Climate Leadership Requires a Managed Decline of Fossil Fuel Production in full below: