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The Price of Oil

Exposing the true costs of fossil fuels

Oil Change International campaigns to expose the true costs of fossil fuels and facilitate the coming transition towards clean energy.

Posts in climate finance

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  New Analysis: Fossil fuel subsidies five times greater than climate finance

  David Turnbull, December 3, 2012
  Here in Doha for the UN climate negotiations, we've just released new analysis that shows that fossil fuel subsidies in rich countries are, on average, five times greater than those same countries' pledges towards climate finance.
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  Report – Low Hanging Fruit: Fossil Fuel Subsidies, Climate Finance, and Sustainable Development

  Lorne Stockman, June 14, 2012
  Our latest report finds that global fossil fuel production and consumption subsidies are at least $775 billion annually and could be $1 trillion or even more. There is an urgent need for transparency in subsidy reporting.

• As Copenhagen begins, Obama Approves $3 Billion for Exxon

  Steve Kretzmann, December 7, 2009
  Undermining its own credibility in Copenhagen and the integrity of its pledge to phase out support for fossil fuels, an agency of the Obama Administration, the United States Export-Import Bank, has reportedly approved $3 billion in financing for an Exxon led consortium constructing a liquefied natural gas plant on Papua New Guinea. The Obama Administration...
  Continue reading 'As Copenhagen begins, Obama Approves $3 Billion for Exxon'.