Over 500 climate, conservation, Indigenous, religious and business groups sent President-elect Joe Biden text for a proposed executive order to ban new fossil fuel leasing and permitting on federal public lands and waters.
Stopping Carbon Lock-In
Top US banks still propping up Mountain Valley fracked-gas pipeline boondoggleÂ
Eight main street U.S. banks have substantially increased their investment in the troubled Mountain Valley fracked gas pipeline project, updated analysis by Oil Change International revealed today.
New Money Behind the Mountain Valley Pipeline: Eight U.S. Banks Dominate the Top 10 Backers
A new report by Oil Change International on the Mountain Valley Pipeline (MVP) reveals that banks have continued pouring money into the project over recent years, despite numerous warnings that the project has been financially unsustainable and a threat to the climate.
This analysis, an update to our 2017 report, reveals that the estimated cost of the Mountain Valley Pipeline has nearly doubled since 2017, increasing the potential project cost from USD 3.5 billion to between $6.3 and $6.5 billion.
Stop the Money Pipeline Issues Set of Criteria for Financial Appointees to the Biden Administration
Stop the Money Pipeline, a coalition pushing financial institutions to end support for the fossil fuel industry, sent a letter to the Biden/Harris transition team urging strong climate action criteria regarding appointments to financial regulators and the Treasury Department.
U.S. Senator Jeff Merkley Introduces Pair of Bills to Halt Financial Investments in Fossil Fuels
“If banks won’t stop funding climate devastation, our government must force their hand, and Senator Merkley’s bills would force the action we need,” said David Turnbull of Oil Change International.
Statement: France fails to show climate leadership with proposed export finance policy
Today, the French government outlined new measures aimed at greening the country’s export credit support policy. Under the proposed new policy, France will continue supporting fossil fuel projects worldwide until at least 2035. OCI urges the French government to reconsider this end date as it is grossly misaligned with the Paris Agreement.
Fracking Fiasco: New report names Wells Fargo and JPMorgan Chase as main players funding U.S. shale bust
A new report by Oil Change International and Rainforest Action Network (RAN) shows how major banks have continued pouring money into fracking companies in recent years despite numerous warnings that the sector was financially unsustainable — on top of the well-documented environmental, health and climate impacts of the industry.
Fracking Fiasco: The Banks That Fueled the U.S. Shale Bust
A new report by Oil Change International and Rainforest Action Network (RAN) shows how major banks have continued pouring money into fracking companies in recent years despite numerous warnings that the sector was financially unsustainable — on top of the well-documented environmental, health and climate impacts of the industry.
Last Chance Alliance: California Governor Newsom’s Executive Order on Climate Is Missing Action on Oil
The Last Chance Alliance coalition pointed out that while Newsom’s announcement was commendable on some accounts, its failure to commit to a phase-out of oil production and a clear just transition policy to support workers and communities makes the order falls short.
Reps. Schakowsky, Barragán Introduce Legislation to End Fossil Fuel Expansion and Protect Communities
Reps. Jan Schakowsky (D-IL) and Nanette Diaz Barragán (D-CA) introduced the Future Generations Protection Act to help ensure a rapid shift to clean renewable energy by stopping further expansion of fracking and new fossil fuel infrastructure.