According to the IPCC's Sixth Assessment Report, oil use is anticipated to decline immediately in scenarios limiting warming to 1.5°C, diminishing by 30–78% by 2050 compared to levels in 2020. About 30% of oil reserves will remain unusable if warming is limited to 2°C and significantly more if limited to 1.5°C (IPCC AR6 WGIII, April 2022, Chapter 6, Box 6.13). These pathways require the removal of subsidies, early retirements of oil assets, reduced use of existing infrastructure, and a shift in energy investments away from fossil fuels and toward low-carbon technologies (IPCC AR6 WGIII, April 2022, Technical Summary). Continued investments in oil could lock energy systems into higher emissions, making it more difficult to limit warming to well below 2°C (IPCC AR6 WGIII, April 2022, Chapter 6, Executive Summary).
A +2 score, indicating strong alignment with the IPCC’s science-based guidance on the role of oil in 1.5°C pathways, is achieved by supporting stringent intervention to reduce oil from the energy mix. Such positions must recognize the need for rapid reduction in oil use, including the phase-out of unabated oil by 2050. This score is also applied if an entity is strongly opposing any new investment in oil infrastructure, such as new exploration, leases, refineries, and pipelines or incentives associated with oil production, such as subsidies.
A +1 score, indicating broad alignment with the IPCC’s science-based guidance on the role of oil in 1.5°C pathways, is achieved by broadly supporting near-term reductions in oil use in the energy mix and the overall phase-out of oil. This includes supporting a significant reduction in oil use before 2050.
A 0 score, indicating unclear or mixed alignment with the IPCC’s science-based guidance on the role of oil in 1.5°C pathways, is applied when positions are ambiguous on the role of oil in the energy mix. It could also apply to statements that recognize the need to reduce oil use but that do not clarify the related rates or timelines.
A -1 score, indicating broad misalignment with the IPCC’s science-based guidance on the role of oil in 1.5°C pathways, is applied to positions that call for a long-term role of oil in the energy mix. This includes emphasizing the role of oil for energy security, access, affordability, or reliability. Positions that justify continued use of oil by citing technologies such as CO₂-enhanced oil recovery (EOR) also fall within this category. This score is also applied for positions that advocate for increased oil exports by claiming that oil could displace coal to reduce overall emissions.
A -2 score, indicating strong misalignment with the IPCC’s science-based guidance on the role of oil in 1.5°C pathways, is applied to positions that promote measures that risk lock-in of oil in the energy mix. This includes advocating for investments, expedited approval of oil infrastructure, government support, or increased production of oil. This score also captures any opposition to measures aimed at reducing or phasing out oil in the energy mix or opposition to the removal of oil subsidies.
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Combustion of fossil fuels gives rise to almost 90 percent of all carbon dioxide emissions. An established time frame for the phasing out of fossil fuels in all sectors within the EU would contribute to increased clarity and more predictable rules of the game for business and society's other actors. Russia's invasion of Ukraine has also underlined the vulnerability of continued European dependence on fossil fuels. Decisions to phase out fossil fuels within the EU benefit energy security, public health and the development of a sustainable and viable business that is competitive even in the long term. [...] • Phase out all use of fossil fuels within the EU. Sweden should work for a complete phasing out of fossil fuels within the EU through decisions which mean that the use of coal ceases around 2030, natural gas is phased out in the mid-2030s (not biogas) and oil by 2040. All fossil fuel subsidies within the EU should also quickly cease, at the same time that vulnerable groups in society who in the short term suffer from increased costs as a result of climate measures are compensated.
Created - 04/12/2023
Last Edited - 04/12/2023
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Broadly supporting the need to phase-out fossil fuels (News, August 2024)
Naturally, we complied with the order, but we believe that we, as a society, must phase out the use of gas, oil, and coal as soon as possible, and with the close down of the heat and power plant, we’re well on track to becoming the first major energy company to completely transform its energy production from fossil fuels to renewable energy.”
Created - 18/09/2024
Last Edited - 18/09/2024
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Entity is supporting an energy pathway that includes a reduction of fossil gas in the global energy mix. Unclear if the pace and extent of this reduction is aligned with IPCC guidelines (OEUK, CEO, David Whitehouse, Interview with BBC News, February 2024)
Transcript: And deliver that by building on our industrial heritage. We are so lucky here in the UK, we’ve got a fantastic oil and gas sector, we’ve got the second largest wind farm capability in the world, 200,000 brilliant people working up and down the country. We need to unleash that. […] Let’s be clear. What we’re not talking about is expansion of oil and gas. The North Sea has powered out economy for the last 50 years, but it’s very clear this is a declining basin. So oil and gas volumes that we produce here in the UK are going to decline. Today, our country, we need 75% of our energy comes from oil and gas, and we produce about half of that. There isn’t a scenario where we’re going to grow our oil and gas production, but what we call for is a really managed transition. While we still use oil and gas, surely it makes sense that we use our own homegrown energy. And if we do that, we support the people, those important supply chain companies, that actually not only will help us with our oil and gas, but will pivot to develop our world class capability in carbon storage, in wind, particularly floating wind, and also hydrogen.
Created - 01/10/2024
Last Edited - 01/10/2024
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Advocating for the continued use of oil as feedstocks without stating need for carbon capture and storage technologies (Sinopec Economics & Development Research Institute (EDRI), a think tank under Sinopec, China Petrochemical News, July 2024)
“油转特”指逐步增加炼厂加工原油直接生产润滑油基础油、白油、硫黄、沥青、石油焦等特种产品产量占比 [...] 在碳达峰、碳中和目标驱动下，特种油品依旧会在社会与经济中扮演重要角色。从市场层面分析，特种油产品应用范围广，横跨传统行业、战略性新兴产业等，不仅未来需求将保持稳定增长，而且是中国工业体系保持完整性的重要保障，也是国民经济自主化发展的关键一环。同时，部分特种油产品盈利性很高，加之下游涉及领域多，总体需求抗跌性、抗风险性较强，未来可以作为石油化工企业长期盈利的突破点和后备军。
Created - 27/09/2024
Last Edited - 27/09/2024
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Advocating for increased production of unabated fossil fuels: calling for governmental support for continued development of oil and gas resources in the US (Chord Energy, 2023 Sustainability Report, Released October 2024)
The U.S. upstream industry is safely and sustainably delivering the energy the world needs, while also leading in the reduction of Green House Gas (GHG) emissions. We believe that the U.S. federal government and U.S. allies should strongly support continued development of top-quality U.S. oil and gas resources to help meet the current and future energy demands of the world.
Created - 02/10/2024
Last Edited - 02/10/2024
InfluenceMap Comment
Supporting phase out of all fossil fuels in the EU, with a coal phase out by 2030, fossil gas by mid-2030s and oil by 2040, and supporting rapid phase out of fossil fuel subsidies (Joint letter to Swedish government and Climate and Environment Minister Romina Pourmokhtari, December 2023)