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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 fossil fuel subsidies

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  Arkansas: Exxon’s latest spill and spin zone

  David Turnbull, April 9, 2013
  Arkansas has become the latest scene of an Exxon oil spill, and the subsequent spin attempts to side-step blame. The truth tells a different story.
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  BP’s $9 Billion Spill Tax Scam

  Andy Rowell, February 27, 2013
  BP could settle the Deepwater Horizon spill trial and offset a whopping $9 billion against it tax bill
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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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  World Bank starts swimmin’, but still might sink

  Steve Kretzmann, November 19, 2012
  Then you better start swimmin’ Or you’ll sink like a stone For the times they are a-changin’. – Bob Dylan After decades of campaign efforts to get the World Bank to stop investing in fossil fuels, it appears that the institution that was for many years the largest source of multilateral public support for the...
  Continue reading 'World Bank starts swimmin’, but still might sink'.
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  EU Commissioner Calls for End to Subsidies

  Andy Rowell, June 20, 2012
  Connie Hedegaard, the outspoken EU Commissioner for Climate Action, has lent her weight to the growing calls for ending fossil fuel subsidies. Earlier in the week, Oil Change International revealed that fossil fuel subsidies could be as high a $1 trillion. Oil Change has been working with others NGOs to make phasing out subsidies a...
  Continue reading 'EU Commissioner Calls for End to Subsidies'.
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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.
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  $1 TRILLION in Global Fossil Fuel Subsidies & the Urgent Need for Transparency

  David Turnbull, June 13, 2012
  In this graphic, you can see that according to Oil Change International analysis, governments around the world are spending perhaps more than $1 trillion USD combined per year subsidizing the fossil fuel industry.

• Fossil Fuel Subsidy Reform Gaining Momentum Internationally

  David Turnbull, May 23, 2012
  23 May 2012 Ahead of upcoming meetings in June of the G20 in Mexico and the United Nations Rio + 20 Summit, the pace of activity around worldwide efforts to phase out subsidy reform is quickening. Last weekend, the G8 leaders reaffirmed their commitment to phase out fossil fuel subsidies in their statement coming out...
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• Dave Camp: You Get What You Pay For

  Lorne Stockman, November 18, 2011
  Written by Ross Hammond The fossil fuel industry is nothing if not clever. Rather than try to defend on the merits of their taking billions of dollars a year in government handouts, they’ve decided to change not only the conversation, but the language itself. So for example an attempt to repeal some of the oil...
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  Will The Real Max Baucus Stand Up Please?

  Lorne Stockman, November 14, 2011
  In less than two weeks the Congressional Supercommittee must submit a plan to Congress to reduce the deficit by at least $1.5 trillion. One of the big questions is whether the Supercommittee will recommend cutting billions of dollars in subsidies to the hugely profitable oil, gas and coal industries. According to a group of 36...
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