Since the implementation of the Paris Agreement, G20 countries have provided at least USD 77 billion a year in finance for oil, gas, and coal projects.
COVID19
Still Digging: G20 Governments Continue to Finance the Climate Crisis
This report reveals G20 countries have provided at least $77 billion a year in public finance to oil, gas and coal projects since the Paris Agreement through their international public finance institutions. This government-backed support to fossil fuels from export credit agencies, development finance institutions, and multilateral development banks is more than three times what they are providing to clean energy
Oil and Gas News & Insights: Week of 18 May 2020
Oil Change is producing weekly news and resources updates on the fight against oil and gas as part of our responseĀ to the COVID-19 crisis, as a supplement to the monthly OilWire editions we produce with the Global Gas & Oil Network.
Oil and gas news & insights: Week of May 4
OCI is producing weekly news and resources updates for allies as part of our response to the COVID-19 crisis.
As BPās profits plunge, analysts say we are entering the āend-gameā for oil
You cannot underestimate that seismic shift going on as investors, often drunk on big oil profits, now just face uncertainty and loss. The oceans are awash with bobbing tankers full of oil, with no market to sell them. The industry is paralysed by the pandemic.
New briefing: Facing COVID-19, Governments Must Prioritize Building Resilient Societies over Fossil Fuel Bailouts
A new briefing from Oil Change International argues for a managed decline of the oil and gas sector as an essential part of recovery from the COVID-19 crisis.
Statement: IEA forgets about climate crisis, prioritises return to ānormalā in oil report
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.
Stop the Money Pipeline:Ā Private Banks Owning Oil Companies Is a Recipe for Disaster
“Allowing private banks to start an unholy marriage with bankrupt fossil fuel companies would be a catastrophic mistake for communities and climate,” said Collin Rees
200Ā Groups Call for Moratorium on Pipeline Construction during COVID-19
A letter from over 200 organizations calls for a moratorium on construction of natural gas pipelines and LNG export facilities during the COVID-19 public health crisis.
Climate Action Network Members React to COP26 Postponement
The COP26 bureau and United Nations Framework Convention on Climate Change have announced the postponement of the Bonn intersessional and COP26 climate negotiations to 2021.