WE ARE:
DATA DRIVEN,
PEOPLE POWERED
At Oil Change International we work to expose the true costs of fossil fuels and facilitate the ongoing transition to clean energy. Join us.
LATEST POSTS
At today’s IEA-COP26 Net Zero Summit, International Energy Agency director Dr. Fatih Birol again asserted that his agency “will provide a roadmap for the world to be in line with 1.5 degrees Celsius,” yet stopped short of saying it will be central in the upcoming WEO.
Nearly 150 organizations sent a letter urging Special Presidential Envoy for Climate John Kerry to use his powers to end the flow of finance from Wall Street to the industries driving climate change.
Today sees the release of the data on project financing from the nine major Multilateral Development Banks on the Energy Policy Tracker and a new Big Shift Global briefing, showing that, since the beginning of the pandemic, the Banks provided at least $12 billion to clean energy and $3 billion for fossil fuels.
The only reasonable conclusion to the process of reforming the federal oil and gas program is for leasing to come to an end.
See All Posts →
REPORTS & BRIEFINGS
This report analyzes fossil fuel financing from the world’s 60 largest commercial and investment banks — aggregating their leading roles in lending and underwriting of debt and equity issuances — and reveals that these banks poured a total of USD $3.8 trillion into fossil fuels from 2016–2020.
The IEA has a crucial opportunity in 2021 to guide the world towards 1.5°C-aligned energy investment. We outline crucial steps the IEA must take to get on track.
A new report by Oil Change International on the Mountain Valley Pipeline (MVP) reveals that banks have continued pouring money into the project over recent years, despite numerous warnings that the project has been financially unsustainable and a threat to the climate.
This analysis, an update to our 2017 report, reveals that the estimated cost of the Mountain Valley Pipeline has nearly doubled since 2017, increasing the potential project cost from USD 3.5 billion to between $6.3 and $6.5 billion.
In this new report we consider recovery commitments and pre-pandemic policies to rank G20 countries' progress in phasing out support to fossil fuels. We find at least USD 584 billion per year between 2017 and 2019 in public support for fossil fuels from G20 governments.
See All Research →
PROGRAM AREAS
The world is experiencing a climate breakdown. We're working to chart a new course off fossil fuels.
STOP FUNDING FOSSILS
Governments are still spending billions subsidizing oil, gas and coal. We need to #StopFundingFossils and start investing in the future.
Current Campaigns: Public Finance, Energy Access, No Coal Japan
Learn More →
STOPPING CARBON LOCK-IN
The science says we need to keep fossil fuels in the ground to meet climate goals. We’re pushing back against industry expansion.
Current Campaigns: Real Climate Leadership, Stopping Oil & Gas Infrastructure
Learn More →
ENERGY TRANSITIONS & FUTURES
The Paris climate goals demand a rapid, just transition from fossil fuels to clean energy. We’re pushing institutions and governments to lead the way.
Current Campaigns: International Energy Agency Reform, First Movers