Extractives
News
As Energy Prices Tumble, Developing Countries Trim Subsidies (New York Times)
Trying to cut spending as the pandemic reduces tax revenue, governments are finding it easier to lift restraints on what consumers pay for fuel. To
Europe’s oil refiners outline path to climate neutrality by 2050 (Euractive)
The European oil refining industry association, whose members includes Shell, BP, ExxonMobil and Total, outlined on Monday (15 June) a €650 billion plan to completely
Governments should use Covid-19 recovery efforts as an opportunity to phase out support for fossil fuels (OECD & IEA)
As governments design stimulus measures for economies hit by the Covid-19 crisis, they should seize the opportunity of historically low oil prices to redirect some
Reports
Towards a green fiscal reform in the Slovak Republic (OECD)
Environmental fiscal reforms are an essential building block to steer countries onto a sustainable long-term development path. This paper develops proposals for strengthening the role
Equity, Climate Justice, and Fossil Fuel Extraction: Principles for a Managed Phase Out (OilChange)
As COVID-19 and other factors force an unmanaged decline of oil and gas, a new peer-reviewed study by Greg Muttitt and Sivan Kartha outlines how
The Future of Oil and Fiscal Sustainability in the GCC Region (IMF)
The oil market is undergoing fundamental change. New technologies are increasing the supply of oil from old and new sources, while rising concerns over the
