BP was responsible for Deepwater Horizon, a disaster that killed 11 people and caused one of worst oil spills ever – and then they made us foot the bill.
Author: Alex Doukas
Fact Sheet: Fossil Free Finance at The World Bank
If the world is going to meet the goals of the Paris Agreement on climate change, international financial institutions—including the World Bank—must do their part. The World Bank has made commitments to fight against climate change but continues to finance fossil fuel exploration, production, and combustion—the primary drivers of climate change.
Canada’s fossil fuel subsidies threaten to cancel out proposed national carbon price
In response to Prime Minister Trudeau’s announcement of a national carbon pricing proposal, Alex Doukas, Senior Campaigner at Oil Change International, released the following statement.
G20 leaders fail to act on fossil fuel subsidies, undermining Paris climate goals
FOR IMMEDIATE RELEASE September 5, 2016 Contact: Alex Doukas, alex [at] priceofoil [dot] org G20 leaders fail to act on fossil fuel subsidies, undermining Paris climate goals In response to the statements on fossil fuel subsidies in the G20 Leaders’ Communique, which fail to establish a deadline for the phase out of subsidies, Oil Change International has … Read More
Fossil fuel subsidies are “the world’s dumbest policy” – so why won’t G20 leaders end them?
Today, G20 leaders in China again failed to set a deadline to end fossil fuel subsidies, seven years after they first committed to ending them. Even as G20 governments move to ratify the Paris Agreement on climate change, they’re adding fuel to the fire by dumping $444 billion of our money into polluting fossil fuel companies every year, undermining the spirit … Read More
British Columbia’s cynical new climate plan proposes new fossil fuel subsidies and banks on climate catastrophe
FOR IMMEDIATE RELEASE August 19, 2016 Contact: Alex Doukas, alex [at] priceofoil [dot] org British Columbia’s cynical new climate plan proposes new fossil fuel subsidies and banks on climate catastrophe Today, the Premier of British Columbia, Christy Clark, announced the province’s new Climate Leadership Plan. In response, Alex Doukas, Senior Campaigner at Oil Change International, made the following statement: … Read More
G20 leaders must act after energy ministers fail to agree an end date for fossil fuel subsidies
“The world is in a deep hole with climate change, and the first thing to do when you’re in a hole is to stop digging. If world leaders want to show that they’re committed to the kind of bold climate action they agreed to in Paris, the least they can do is commit to ending fossil fuel subsidies by 2020.”
Should North Americans subsidize oil, gas, and coal for another 10 years?
This week, the leaders of Mexico, Canada, and the United States met in Ottawa for the North American Leaders’ Summit. In their outcome statement on climate and energy, they committed to “phase out inefficient fossil fuel subsidies by 2025 and call on the other members of the G-20 to do the same.” Along with their … Read More
Shorting the Climate: Fossil Fuel Finance Report Card 2016
In the past three years, the North American and European commercial and investment banking sector has engaged in fossil fuel financing practices that are deeply at odds with the global climate agreement reached at COP 21 last December.
Reaction: 2025 fossil fuel subsidies deadline in G7 Leaders’ Declaration
FOR IMMEDIATE RELEASE May 27, 2016 Contact: Alex Doukas, alex [at] priceofoil [dot] org G7 leaders call for end to fossil fuel subsidies worldwide by 2025 In response to the G7 Leaders’ Declaration released today, where world leaders for the first time established a deadline on their commitment to phase out fossil fuel subsidies, Alex Doukas, Senior … Read More