Oil Change International

Posts in brown finance

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  Dirty Dozen Released: 12 Projects that Undermine the One Planet Summit and Put the Climate at Risk

  Alex Doukas, December 11, 2017
  The 12 projects contained in today's new briefing are examples that demonstrate how public finance is still acting as a critical lifeline for destructive fossil fuel projects, many of which could not otherwise be built, and how this support continues to this day, a full year after the Paris Agreement entered into force.
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  Letter: 200+ Groups to G20 & Multilateral Development Banks – Stop Funding Fossils

  Collin Rees, December 11, 2017
  Over 200 civil society groups released a letter calling on multilateral development banks, including the World Bank, and leaders of G20 governments to commit to phase out subsidies and public finance for fossil fuels as soon as possible.
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  Briefing: Dirty Dozen – How Public Finance Drives the Climate Crisis through Oil, Gas, and Coal Expansion

  Alex Doukas, December 11, 2017
  To have any hope of meeting globally-agreed climate goals, global financial flows must rapidly align with low-emission, climate-resilient development, and government-backed public finance institutions like the World Bank must signal this transition.