A new report by Oil Change International reveals that U.S. taxpayers continue to foot the bill for more than $20 billion in fossil fuel subsidies each year. Every dollar spent subsidizing this industry takes us further away from achieving internationally agreed emissions goals, and maintaining a stable climate.
Briefings
Saudi Aramco’s IPO: A Test of whether Investors Are Serious about Climate
Download the briefing – Overheated Expectations: Valuing Saudi Aramco’s IPO in light of climate change Written and researched by Greg Muttitt and Hannah McKinnon. See Financial Times article on our report. Coming two years after the Paris Agreement, the initial public offering (IPO) of Saudi Aramco will be strongly shaped by climate change. Most analysts believe … Read More
Talk is Cheap: How G20 Governments are Financing Climate Disaster
Each year, G20 countries provide nearly four times more public finance to fossil fuels than to clean energy. In total, public fossil fuel financing from G20 countries averaged some $71.8 billion per year, for a total of $215.3 billion in sweetheart deals for oil, gas, and coal over the 2013-2015 timeframe covered by the report. Fifty percent of all G20 public finance for energy supported oil and gas production alone.
Reality Check: The End of Growth in the Tar Sands
Oil Change International June 2017 Download the PDF Briefing. The Alberta tar sands are among the world’s largest oil reserves. While investment and expected growth in the industry have been high for the last decade, new industry data paints a dramatically different picture of the sector moving forward. Key findings: Anticipated tar sands production growth is … Read More
The Rover Pipeline: Greenhouse Gas Emissions Briefing
We find that Energy Transfer Partners’ Rover Pipeline would lead to annual emissions of nearly 145 million metric tons of carbon dioxide equivalent. This would be the equivalent of adding 42 coal-fired power plants or over 30 million passenger vehicles.
Fossil Fuel Finance at the Multilateral Development Banks: The Low-Hanging Fruit of Paris Compliance
A new analysis finds that six major multilateral development banks provided over $7 billion in public financing for fossil fuels in 2015, and over $83 billion in financing for fossil fuels from 2008 to 2015, despite public claims of the urgent need for action on climate.
The Money Behind the Mountain Valley Pipeline: Is Your Bank Financing Another Fracked-Gas Disaster?
This analysis examines the banks that are in line to finance the Mountain Valley Pipeline, a 301-mile, $3.5 billion fracked-gas project proposed to run from West Virginia through south central Virginia.
Private Gain, Public Risk: Guarantees & Credit Enhancement for Coal-Fired Power Plants in Indonesia
Risk guarantees and credit enhancement programs that subsidize coal-fired power plants could cost the Government of Indonesia and Indonesian ratepayers as much as tens of trillions of rupiah – many billions of U.S. dollars – over the coming decade.
The PennEast Pipeline: Greenhouse Gas Emissions Briefing
As part of a series of briefings on proposed Appalachian gas pipelines, Oil Change International’s new analysis finds that the PennEast Pipeline would result in the emissions equivalent the 14 coal plants, or 10 million passenger vehicles.
The Atlantic Coast Pipeline: Greenhouse Gas Emissions Briefing
Part of a series of briefings on proposed Appalachian gas pipelines, Oil Change International finds that the Atlantic Coast Pipeline would cause the emissions equivalent of 20 coal plants or 14 million passenger vehicles.