About The Report
Over the next five years, oil and gas companies plan to invest at levels that would lock in more than 2°C of warming. Eighty-five per cent of this expansion is slated for the United States and Canada. Oil, Gas and the Climate, which was produced with the Global Gas and Oil Network, analyzes existing production capacity and the expansion plans of the oil and gas industry to determine compatibility with Paris climate goals, and finds that fossil fuel production is incompatible with global climate goals. Efforts to phase out oil and gas extraction must start now.