This new policy is a signal to the wider financial community that the era of fossil fuels is past.
Press Releases
Response to International Energy Agency’s 2019 World Energy Outlook
After a year of clear demands and obvious signals from energy experts, investors, and governments, the IEA has again failed where it matters on climate.
New Briefing: IEA Ignores Climate Reality with Industry-Friendly Outlook for Gas
With its over reliance on natural gas, the IEA’s World Energy Outlook (WEO) promotes an energy scenario that will exhaust a 1.5°C carbon budget by the early 2030s.
70+ civil society groups call on European Investment Bank to stand behind proposal to stop funding fossil fuels
Over 70 organizations have sent a public letter to European Investment Bank (EIB) leadership, calling on them to stand firm behind a draft lending policy that, if adopted, would rule out future fossil fuel financing from the bank.
Environmental organizations support striking United Autoworkers, urge General Motors to agree to a fair contract
A coalition of environmental organizations today sent a letter to Mary Barra, Chief Executive Officer of General Motors, expressing solidarity with the nearly 50,000 autoworkers striking against the corporation and urging a fair contract for the workers.
Response to African Development Bank’s commitment to stop financing coal
“This is a critical step to clean renewable energy for frontline coal communities and a climate just future for all,” said Thuli Makama in response.
Press Release: Activists Launch Large Inflatable Balloon of Prime Minister Shinzo Abe to protest Japan’s continued support for coal
Activists deployed a 3-meter-tall balloon depicting Japanese Prime Minister Shinzo Abe emerging from a bucket of coal to protest the Japanese government’s continued support for new coal-fired power projects.
NYC youth and global frontline leaders disrupt Oil & Gas Climate Initiative greenwash soirée
Two days after hundreds of thousands marched through New York demanding action to confront the climate crisis, youth activists disrupted a greenwashing event attended by several oil major CEOs.
Oil & Gas Climate Initiative Draft Report: Bad Science, Full of Holes
Recent analysis shows that oil majors — including Oil & Gas Climate Initiative members — are set to spend hundreds of billions of dollars more on exploration and extraction of oil and gas that the world cannot afford to burn, eclipsing symbolic ‘low-carbon’ efforts.
Report: Continued North Sea oil and gas leasing would undermine Danish climate leadership
Denmark’s plans to expand North Sea oil and fossil gas extraction, if allowed to move forward, will greatly undermine its record of climate action, a new report released today finds.