G20 Backtracks on Fossil Fuel Funding Phase-Out in COVID-19 Recovery

November 9, 2020By Bronwen TuckerBlog Post, News, Press Releases, Stop Funding Fossils

Despite repeated pledges to end inefficient fossil fuel subsidies, G20 governments’ support to fossil fuels has dropped by only 9% since 2014–2016, hitting USD 584 billion annually over the last three years, according to a report released today by the International Institute for Sustainable Development (IISD), the Overseas Development Institute (ODI), and Oil Change International (OCI).

Statement: France fails to show climate leadership with proposed export finance policy

October 12, 2020By LaurieBlog Post, Featured, News, Press Releases, Stop Funding Fossils, Stopping Carbon Lock-In, Subsidy Spotlight

Today, the French government outlined new measures aimed at greening the country’s export credit support policy. Under the proposed new policy, France will continue supporting fossil fuel projects worldwide until at least 2035. OCI urges the French government to reconsider this end date as it is grossly misaligned with the Paris Agreement.

Putting clean energy stimulus at the heart of IEA analysis?

March 26, 2020By David TongBlog Post, Energy Transitions & Futures

People all over the world are facing unprecedented crises from COVID-19. These tragic impacts will be the deepest in the world’s most vulnerable communities, regions and countries. IEA director Dr. Fatih Birol has urged governments worldwide to place clean energy at the heart of stimulus. Here Dr. Birol is right – but making this clean energy call count with real ambition is critical if the IEA wants to shake its reputation as a shill for the fossil fuel sector.  

EU’s lending arm wants more pipelines and the Paris Agreement – it can’t have both

June 18, 2019By Bronwen TuckerBlog Post, Fossil Gas, Stop Funding Fossils

The European Investment Bank (EIB) is the world’s largest multilateral lender, bigger even than the World Bank. As a public bank, it’s tasked with providing finance in the EU public interest, and it has an outsized influence on the EU’s energy system because of the private investment it can “crowd in” and the sheer amount of money it has at its disposal.

Minnesota Teenagers Table Green New Deal Bill to Transform the State’s Economy and Stop Fossil Fuel Build-Out

April 12, 2019By Andy RowellBlog Post, Featured 1 Comment

Minnesota’s new bill, which would stop the buildout of fossil fuel infrastructure, is a critical piece of the overall Green New Deal puzzle – in order to address climate climate crisis, we must be actively winding down the fossil fuel industry by stopping its expansion and phasing out existing infrastructure with an equitable transition.