New Report Reveals Global Banks Funneled $3.8 Trillion into Fossil Fuels Since Paris Agreement

March 24, 2021By OCI TeamBlog Post, Featured, Press Releases

A new report released today by Oil Change International, Rainforest Action Network, BankTrack, Indigenous Environmental Network, Reclaim Finance, and Sierra Club, and endorsed by over 300 organizations around the world, reveals that 60 global banks have provided USD $3.8 trillion to fossil fuel companies in the five years since the adoption of the Paris Agreement (2016-2020).

Response to Deb Haaland’s historic confirmation as Secretary of the Interior

March 15, 2021By OCI TeamBlog Post, Featured, Press Releases 1 Comment

Secretary Haaland’s confirmation sets a historic precedent for Indigenous communities and leaders across Turtle Island, and we look forward to working with the Secretary to introduce additional policies that protect our nation’s waters, lands, and communities from the dirty influence of the fossil fuel industry during her time in this critical role.

Biden’s climate diplomacy mustn’t turn a blind eye to Big Oil’s “dirty footprints” in Africa

March 15, 2021By Chairman OkoloiseBlog Post, Deep Dive, Featured

When President Joe Biden signed his first set of Executive Orders on Climate Change and cancelled the Keystone XL pipeline project soon after his inauguration, he sent a very clear message to the global fossil fuel industry: it’s no longer going to be business-as-usual with fighting the existential threat that climate change poses to humanity.

UK announces end to overseas fossil fuel finance, now other governments must follow suit

December 12, 2020By OCI TeamFeatured, Press Releases

The United Kingdom’s prime minister, Boris Johnson, will commit to end the UK’s overseas fossil fuel financing “as soon as possible” at the Climate Ambition Summit. The phase-out of oil, gas, and coal financing applies to aid funding, trade promotion and export finance provided by UK Export Finance (UKEF), the institution that has come under scrutiny for its USD 1 billion investment in a controversial LNG project in Mozambique and for considering to finance the equally controversial East African Oil Pipeline.