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New briefing: Oil and gas industry on brink of major surge in expansion – new drilling plans approved through 2025 could exhaust 17% of the global carbon budget for 1.5°C

A new briefing launched today at COP27 in Sharm-el-Sheikh by Oil Change International reveals that new oil and gas production approved to date in 2022 and at risk of approval over the next three years could cumulatively cause 70 billion tonnes (Gt) of new carbon pollution if fully developed. That is equivalent to: