“California can lead the way by showing what a true managed decline can look like, and we applaud Governor Newsom for his recognition of that imperative.”
“Energy Transfer’s projects across Pennsylvania and the country continue to trample Indigenous rights, endanger communities, land, and water, and wreck the climate,” said Collin Rees of Oil Change International. “Until these projects are shut down permanently, that’s not going to change.”
A new study released today by Oil Change International and 17 partner organizations makes it clear that managing a rapid and equitable decline of U.S. fossil fuel production must be a core component of any comprehensive climate policy.
At precisely the time in which the world must begin rapidly decarbonizing to avoid runaway climate disaster, the United States is moving further and faster than any other country to expand oil and gas extraction.
“Under President Kim, the World Bank Group demonstrated a degree of climate leadership by announcing an end to financing for oil and gas extraction, and by starting to tighten its rules on lending to private banks who then invest that money in fossil fuels. The World Bank Group still has a long way to go on climate action, and Kim’s departure should not put a stop to this recent progress.”
Today’s release of the World Energy Outlook (WEO) 2018 marked another missed opportunity for the International Energy Agency (IEA) to provide a roadmap to Paris success.
In a landmark special report, the IPCC has today confirmed the urgency and importance of keeping us to 1.5ºC of warming.
Yesterday, the European Bank for Reconstruction and Development (EBRD) released a revised draft of its energy sector strategy. The draft of the new strategy is due to be finalized by the end of 2018, and will have bearing on billions of dollars in public finance for energy.
As EBRD and EIB prepare for their respective energy sector strategy reviews, 65 civil society groups from 28 countries released an open letter being sent to top EBRD and EIB officials demanding that they stop financing oil, gas, and coal projects.
“De facto halting this dangerous project keeps open the only credible path for Canada to live up to its obligation to fight climate change. Building new, long-lived pipelines in support of ever-growing oil production and export is wholly incompatible with the rapid transition away from fossil fuels required.”