The analysis reviewed plans from 20 major producers responsible for more than 80 percent of global fossil fuel extraction, including the United States, Russia, Canada, and Saudi Arabia. Eleven others, among them the U.S. and Germany, are on track to increase production of at least one fossil fuel. In 2024, 92 percent of new global power capacity came from renewables, which undercut fossil fuels on price, efficiency, and emissions—even with subsidies artificially keeping fossil fuel prices down” . Neil Grant of Climate Analytics warned: “We are in the foothills of an energy transition that is going to reshape fossil fuel demand. There’s a lot of danger, [including that] the voice of the fossil fuel lobby only gets louder and holds us back from this change to a cleaner, better, greener economy.