New Money Behind the Mountain Valley Pipeline: Eight U.S. Banks Dominate the Top 10 Backers

November 12, 2020By OCI TeamBriefings, Stopping Carbon Lock-In 1 Comment

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.

Commemoration of Anniversary of Execution of Ogoni 9 — 25 Years

November 10, 2020By OCI TeamBlog Post No Comments

On November 10, 1995, Ken Saro-Wiwa and eight other Ogoni activists — Saturday Dobee, Nordu Eawo, Daniel Gbooko, Paul Levera, Felix Nuate, Baribor Bera, Barinem Kiobel, and John Kpuine — were hanged by the Nigerian dictatorship in Port Harcourt. Their only crime? Exposing the devastating impact that Shell Petroleum Development Company’s extraction of fossil fuels from the Niger Delta had on the Ogoni land, lives, and livelihoods. 

Every Vote Matters

November 4, 2020By OCI TeamBlog Post, News, Statement No Comments

We’re in this together, and we’re going to get through the next few days by continuing to show up, calling each other to action, and appreciating the ones fighting right besides you – knowing that you are in a community of millions fighting for justice. These next few days, we will let those who want … Read More

Fracking Fiasco: New report names Wells Fargo and JPMorgan Chase as main players funding U.S. shale bust

September 24, 2020By OCI TeamFeatured, Press Releases, Stopping Carbon Lock-In

A new report by Oil Change International and Rainforest Action Network (RAN) shows how major banks have continued pouring money into fracking companies in recent years despite numerous warnings that the sector was financially unsustainable — on top of the well-documented environmental, health and climate impacts of the industry.