Now is the time to mobilize action on the US/Russia/Opec oil deal to make sure it is linked to Paris Agreement objectives! nytimes.com/2020/04/02/bus… and policyoptions.irpp.org/magazines/marc…
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Vance Culbert
4 posts
Vance Culbert
@vanceculbert
Humanitarian Policy and Climate mitigation with a focus on Supply Side management
Geneva Beigetreten Şubat 2011
25 Folgt32 Follower
How to turn this mess into an agreement which sees negotiated market share in return for production outputs inline with the Paris Agreement?
Gregory Brew@gbrew24
Saudi will increase production past 10 million bpd in April, when cuts expire. Right now they're producing at 9.7m bpd They can go as high as 12 million bpd. Other OPEC will likely follow suit. #OOTT cnbc.com/2020/03/08/sau…
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Vance Culbert retweetet
✈️CO2 LATEST:
The EU should stop giving airlines free permits to pollute, 10 governments said today - after address by @GretaThunberg
Crazy that #aviation gets free allowances worth over €800m a year - halving what it should have to pay into #EUETS!
transportenvironment.org/press/eu-gover…
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@gbrew24 Whatever final agreement comes out of this needs to be linked to global production levels linked Paris Agreement targets. This could be opportunity to get market interests in line with long-term production targets
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It’s a price war—what happens in global oil when cooperation breaks down and competition becomes cut-throat.
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For all my non-oil peeps, an update:
A few days ago, the big OPEC/Russia meeting ended without a deal to cut production. Now Russia and Saudi, the two biggest exporters, are saying they’re going to maximize production and flood the market.
So why does this matter?
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