Press Releases

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  Report: U.S. Oil and Gas Expansion Threatens to Unleash Climate Pollution Equivalent to nearly 1,000 Coal Plants

  David Turnbull, January 16, 2019
  The U.S. oil and gas industry has the potential to unleash the largest burst of new carbon emissions in the world through 2050, new research released today has found.
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  Oil Change International Statement on Departure of World Bank President

  Alex Ortiz, January 7, 2019
  “Under President Kim, the World Bank Group demonstrated a degree of climate leadership by announcing an end to financing for oil and gas extraction, and by starting to tighten its rules on lending to private banks who then invest that money in fossil fuels. The World Bank Group still has a long way to go on climate action, and Kim’s departure should not put a stop to this recent progress."
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  Oil Change Int’l Response to Approval of the EBRD’s New Energy Sector Strategy

  Collin Rees, December 12, 2018
  "If MDBs follow through on this commitment, we would expect the EBRD’s brand-new strategy to be obsolete within a year, given what will be required to truly align with the Paris Agreement ambition to limit warming to 1.5°C," said Alex Doukas, Program Director at Oil Change International.
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  Big Shift Global reaction to World Bank Group’s post-2020 climate goals announcement

  Collin Rees, December 3, 2018
  The World Bank Group released new climate targets for 2021-2025, aiming to provide and mobilize $200 billion in support of countries’ climate action. Members of the Big Shift Global coalition react to this announcement.
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  Risking It All: New report shows how Export Development Canada’s support for fossil fuels drives climate change

  Alex Doukas, November 22, 2018
  A new report released today reveals the disconnect between Canada’s promises on climate change and the actions of its official export credit agency, Export Development Canada (EDC), in propping up the oil and gas industry through government-backed (public) finance.
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  New report: Korea’s international coal finance will cause up to 27 trillion KRW in health and climate damages annually

  Alex Doukas, November 13, 2018
  A new analysis finds that overseas coal-fired power plants supported by Korea’s public finance institutions could cause as much as 27 trillion KRW (nearly USD 25 billion) in annual damage to people’s health and the climate.
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  Oil Change International Responds to International Energy Agency’s 2018 World Energy Outlook

  Greg Muttitt, November 12, 2018
  In response to the International Energy Agency’s (IEA) 2018 World Energy Outlook (WEO), Greg Muttitt, Research Director at Oil Change International, said: "We need the world’s foremost energy modellers to model global success in meeting our climate goals, yet this year’s WEO again emphasizes a business-as-usual pathway to climate failure."
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  New Report: African Development Bank Falls Short on Clean Energy Access

  Elizabeth Bast, November 6, 2018
  As the African Development Bank (AfDB) kicks off its first-ever Africa Investment Forum in South Africa, a new report finds that the AfDB’s own support for the most cost-effective energy access solutions lags far behind what is needed – in contrast to its world-leading pledge to scale up energy access on the continent.
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  New Report: MDBs Continue to Shortchange Crucial Energy Access Solutions

  Alex Doukas, October 10, 2018
  While the MDBs endorsed the Sustainable Development Goals, this new report shows that from 2014 through 2017, MDBs directed just 2% of their energy finance toward the off-grid and mini-grid energy solutions.
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  Civil Society Welcomes IFC’s Moves to Exclude Coal in Its Financial Intermediary Lending

  Collin Rees, October 8, 2018
  "This is an important step by the IFC to redirect its investment to align with the Paris Agreement on climate change, and other financial institutions should sit up and pay attention," said Alex Doukas of Oil Change International