Paris Summit at risk of letting fossil fuel companies & Global North leaders off the hook for climate and inequality

June 21, 2023By Oil Change InternationalPress Releases, Stop Funding Fossils 1 Comment

Earlier this week a coalition of 150+ economists and policy experts including Yanis Varoufakis, Jason Hickel, Olúfémi O. Táíwò, Nader Habibi, and Isabelle Ferreras sent a letter to Global North leaders, calling on them to pay their fair share for a just energy transition with trillions in public reparations, and to allow democratic and people-centred reforms to the global financial system they have a disproportionate control over. 

Ahead of OECD negotiations, report shows OECD export finance props up fossil fuels, blocking energy transition

May 23, 2023By nicoleFeatured, Press Releases, Stop Funding Fossils 1 Comment

New analysis by Oil Change International shows that OECD countries supported fossil fuel exports by an average of $41 billion from 2018 to 2020, almost five times more than clean energy exports. This directly contradicts internationally agreed climate goals, including the Paris Agreement objective to align financial flows with the low-carbon energy transition.