Oil, natural gas & divestment

This archive tracks meaningful progress on oil, natural gas, and divestment — from institutions pulling funds out of fossil fuels to policy shifts that reshape energy finance. Stories here document what’s actually changing, and who’s driving it.

Colombia landscape and water, for article on Amazon extraction ban

Colombia protects 42% of its territory, creating the Amazon’s largest reserve

Colombia’s Amazon protection sets a permanent ceiling on extraction across 186,500 square miles — the largest extraction-free zone in the basin, in a forest storing 6.5 gigatons of carbon and supplying water to 670 million people. The resolution invokes a rarely used legal mechanism to block new mining and fossil fuel contracts, while existing projects run to expiry. Indigenous-governed lands, retaining 99.5% of their forest cover, account for more than half the protected area. Whether the protection holds remains uncertain, as the incoming president has signaled plans to revive oil exploration and expand fracking.

image for article on Wild Coast communities

South Africa’s top court permanently blocks Shell oil off the Wild Coast

South Africa’s highest court has handed Indigenous and rural fishing communities a permanent, binding victory — one that sets a new legal standard for who gets a say before oil companies drill near vulnerable coastlines. The Constitutional Court ruled that Shell and Impact Africa never meaningfully consulted the Mpondo and other communities whose livelihoods and spiritual lives are tied to the Wild Coast, also citing international climate obligations. Whether South Africa will reform its consultation process — or force the next community into the same grueling legal fight — remains an open question.

French flag, for article on fossil fuel phase-out

France launches plan to ditch all fossil fuels by 2050

France just became the first country to set hard deadlines for ditching every fossil fuel: coal by 2030, oil by 2045, and gas by 2050. The roadmap was unveiled at a conference in Santa Marta, Colombia, where roughly 60 nations gathered to share their own transition plans after a global agreement stalled at COP30 last November. What makes France’s plan unusual isn’t a single bold target but the fact that it draws one clear line across all three fuels, covering everything from power plants to home heating to transport. As climate envoy Benoît Faraco noted, almost no other country has named an end date this clearly. In a moment of energy anxiety worldwide, naming the destination is itself a quiet act of leadership.

Sunset by smokestacks, for article on fossil fuel phaseout

More than 50 nations attend world-first conference on phasing out fossil fuels

Fossil fuel phaseout talks just crossed a real threshold: for the first time, more than 50 nations sat down together specifically to plan a way off coal, oil, and gas. The two-day gathering in Santa Marta, Colombia, brought together an unusually wide mix — major producers like Australia, Norway, and Canada alongside Pacific island nations like Tuvalu and Vanuatu, with Europe and emerging economies in between. No binding deals were expected, but the recommendations will feed into a voluntary roadmap being shaped under Brazil’s COP30 leadership. It’s a small, hopeful shift: producers and consumers finally talking openly about a transition that, until recently, was almost taboo to name out loud.

Wind turbines and solar panels generating power across a European landscape for an article about European renewable energy

Wind and solar generated more electricity than fossil fuels in Europe for the first time

European renewable energy from wind and solar surpassed coal and gas combined for the first time in history, supplying 30% of the continent’s electricity in 2024. That share had been less than 14% just a decade earlier, making the speed of this shift remarkable. Solar alone generated more electricity than coal across Europe for the first time ever. Carbon emissions from European power generation fell to their lowest level in decades. While challenges around energy affordability and grid infrastructure remain, the milestone marks a genuine turning point in how an entire continent powers itself.

Aerial view of the Ecuadorian Amazon rainforest for an article about Ecuador oil production ending

Ecuador ends all oil and gas production for the first time in its history

Ecuador could end all oil and gas production by 2043, shutting its final Amazon wells roughly eighty years after extraction began. The groundwork is already visible: hydropower supplies more than 85% of the country’s electricity today, and Indigenous-led court victories have steadily reshaped what’s possible. If it holds, it would show that a petrostate can choose a different future.

An oil and gas facility at dusk with visible flaring for an article about Canada methane regulations

Canada locks in rules to slash oil and gas methane emissions 75% by 2035

Canada methane regulations finalized by Environment and Climate Change Canada set a binding target to cut oil and gas sector emissions 75% below 2012 levels by 2035, among the strictest such rules in the world. The regulations require operators to detect and repair leaks, phase out routine venting and flaring, and replace estimated reporting with measured data. This matters because methane warms the planet roughly 80 times faster than carbon dioxide over 20 years, meaning faster cuts produce faster climate relief. The rules fulfill commitments made under the Global Methane Pledge and bring Canadian standards closer to U.S. regulations across a deeply integrated shared energy network.

Offshore oil platform at sunset in the North Sea for an article about the UK oil and gas ban

Britain becomes the first major economy to ban new oil and gas licenses

The UK oil and gas ban makes Britain the first major economy to end all new fossil fuel exploration licensing, a milestone the Labour government under Keir Starmer delivered as a direct campaign promise. Existing North Sea fields will continue operating, but no new exploration licenses will be issued, foreclosing extraction that could have stretched decades into the future. The move aligns British policy with the International Energy Agency’s finding that new fossil fuel development is incompatible with 1.5-degree climate targets. Paired with an £8.3 billion public clean energy company, the decision sets a precedent other major producers are now watching closely.

Aerial view of dense Amazon rainforest canopy with winding river for an article about Colombia Amazon ban — 13 words

Colombia bans all new oil and mining projects across its Amazon

Colombia Amazon ban: Colombia has announced a complete ban on new oil, gas, and mining projects across its entire Amazon biome, covering roughly 42% of the country’s national territory. The policy immediately blocks 43 oil blocks and 286 pending mining requests, making it one of the most sweeping conservation decisions any government has made in recent memory. Announced alongside COP30, the ban is framed as a binding national commitment rather than a voluntary pledge. It offers significant protections for Indigenous communities and positions Colombia as a potential catalyst for coordinated conservation across all Amazonian nations.

Aerial view of dense tropical rainforest canopy for an article about the Maya Biosphere Reserve oil field closure

Guatemala permanently closes major oil field inside protected rainforest

Guatemala’s Maya Biosphere Reserve has taken a landmark step forward as the government permanently closed the Xan oil field rather than renew its operating concession. The facility once produced nearly 90% of Guatemala’s oil while operating inside a protected national park, a arrangement conservationists long considered incompatible with the reserve’s ecological importance. The former infrastructure is now being converted into a joint military and police security hub to combat illegal ranching, logging, and drug trafficking. A dedicated .5 million conservation fund will support local communities, restoration projects, and long-term monitoring across one of the most biodiverse tropical forest corridors in the Americas.