“Today’s announcement from the Netherlands, United Kingdom, Canada and many of their peers is a disappointment. At a time when we need rich country leaders to concretely expand their past ambition to secure a fair deal, these ministers are just regurgitating promises and initiatives that are now more than a decade old and have been so ineffective that fossil fuel handouts and profits continue to reach record levels.”
Canada
New Data Reveals Canada is Second Largest Public Funder of CCS to Date – A Lifeline for Fossil Fuels, Not Climate Action
As the United Nations Climate Change Conference begins today, Oil Change International revealed the failure of Carbon Capture and Storage (CCS) in Carbon Capture’s Publicly Funded Failure. CCS has a 50 year track record of over-promising and under-delivering, and every investment in CCS provides a lifeline to the fossil fuel industry.
Over 250 organizations back groundbreaking efforts by OECD countries to end $41 billion a year in fossil fuel finance
Over 250 organizations from 30 countries call on governments to support fellow OECD members’ efforts to end oil and gas export finance at OECD meeting on 6 November 2023.Â
Canada’s new fossil fuel subsidy framework contradicts own international policy
Rather than match the international policy, today’s announcement leaves the door open indefinitely to domestic public finance for oil and gas, only committing to “announce by fall 2024 the implementation plan” to phase out these flows.
New Report: International public finance for fossil fuels dropped in 2021, but a rebound is likely unless key governments deliver on pledges
A report released today by Oil Change International and Friends of the Earth U.S. reveals that between 2019 and 2021 the G20 countries and multilateral development banks (MDBs) provided at least USD 55 billion per year in international public finance for fossil fuels. This is a 35% drop compared to previous years (2016-2018), but still almost twice the support provided for clean energy, which averaged only $29 billion per year.
At a Crossroads: Assessing G20 and MDB international energy finance ahead of stop funding fossils pledge deadline
This report looks at G20 country and MDB traceable international public finance for fossil fuels from 2019-2021 and finds they are still backing at least USD 55 billion per year in oil, gas, and coal projects. This is a 35% drop compared to previous years (2016-2018), but still, almost twice the support provided for clean energy, which averaged only $29 billion per year.
Canadian LNG is “not the answer” to EU’s energy crisis & will end up stranded
As the Chancellor of Germany, Olaf Scholz, departs Canada after his first official visit to the country, there are concerns that the Canadian gas industry is trying to exploit the Ukraine war to sell LNG European countries, including Germany.
Ukraine War: Amid fossil fuel “gold rush,” Canada’s dirty tar sands back “in hot demand”
We are now one hundred and ten days since the start of Vladimir Putin’s bloody brutal war on Ukraine. Since the invasion the global energy market has been largely turned on its head, as old certainties of supply have been ripped up.
Despite climate emergency, the United States, Canada, and Norway “pumping more oil than ever”
Last year the world’s leading climate scientists, the IPCC,  issued a “code red” for humanity and outlined how we had to stop oil and gas drilling if we wanted a liveable future. But still we drill. Take three countries who like to see themselves as climate leaders…
New report exposes five wealthy countries whose fossil fuel production threatens chance at 1.5ÂşC
The new report finds that wealthy nations — the United States, United Kingdom, Canada, Norway, and Australia — planning to approve and subsidize new fossil fuel projects which undermines their recent claims of leadership in addressing the climate crisis.