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Oil Change International is a research, communication, and advocacy organization focused on exposing the true costs of fossil fuels and facilitating the coming transition towards clean energy.
That today’s announcement does not include most of the industry’s wish list is credit to massive public outcry.
This Earth Day, activists will turn up the heat on Wall Street through mass online actions. Organizers say the need to pressure Wall Street to stop funding polluters and start supporting communities is more important now than ever.
Sumitomo Mitsui Financial Group announced it will "in principle" not finance any new coal power projects, while advocates in California called on the bank to apply those restrictions to all new coal infrastructure and drop plans to finance a widely opposed coal export terminal.
The only path to climate stability is for governments to manage a stable decline in oil while investing in a just transition for workers and currently fossil-fuel dependent communities.
In anticipation of yet another announcement released by the G20 and OPEC+ today, experts at Oil Change International have issued the following statements.