Global Oil & Gas Exit List (GOGEL)
The Global Oil & Gas Exit List (GOGEL) is a comprehensive public database maintained by Urgewald that tracks the expansion plans and production metrics of over 1,600 companies. It helps finance professionals identify climate-related risks and align investment portfolios with global net-zero goals.
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OVERVIEW
The Global Oil & Gas Exit List (GOGEL) is a comprehensive public database detailing the activities of the global oil and gas industry. It is designed to provide transparency regarding corporate expansion plans and production levels, helping finance professionals identify companies whose activities may be inconsistent with international climate goals. By providing granular data on upstream and midstream operations, the tool enables users to assess transition risks and align portfolios with net-zero pathways.
Organisation behind the tool
The database is developed and maintained by Urgewald, a non-profit environmental and human rights organisation based in Germany. The 2025 edition was co-published with several international partners including 350.org, 350 Japan, and ActionAid.
What the tool does
- Provides a searchable database of over 1,600 companies involved in the oil and gas sector.
- Tracks upstream activities, including exploration, new project development, and current production metrics.
- Monitors midstream infrastructure expansion, such as pipelines and liquefied natural gas (LNG) terminals.
- Offers a clear methodology for identifying companies expanding their fossil fuel footprint.
- Allows users to download datasets for integration into internal risk and compliance systems.
Target audience
The primary users include institutional investors, commercial banks, asset managers, and insurance companies. It is also used by civil society organisations, researchers, and policymakers to monitor industry trends and corporate accountability.
Relevance to finance professionals
- Risk assessment – Identification of reputational and stranded asset risks associated with new fossil fuel expansion.
- ESG analysis – Provision of objective data for climate-related financial disclosures and alignment with the Science Based Targets initiative (SBTi).
- Market/commodity insights – Tracking global shifts in energy infrastructure and production capacities.
- Investment context – Facilitates the development of exclusion lists and engagement strategies for fossil fuel divestment or transition finance.
