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

November 9, 2020By Bronwen TuckerNews, 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).

Fracking Fiasco: New report names Wells Fargo and JPMorgan Chase as main players funding U.S. shale bust

September 24, 2020By OCI TeamFeatured, Press Releases, Stopping Carbon Lock-In

A new report by Oil Change International and Rainforest Action Network (RAN) shows how major banks have continued pouring money into fracking companies in recent years despite numerous warnings that the sector was financially unsustainable — on top of the well-documented environmental, health and climate impacts of the industry.

Ireland’s proposed climate policy would make it a global leader in keeping fossil fuels in the ground

June 22, 2020By Romain IoualalenBlog Post, Energy Transitions & Futures

After months of negotiations, political parties in Ireland have secured an agreement to form a new coalition government. This programme of government, titled Our Shared Future, was signed by the leaders of Fine Gael, Fianna Fáil and the Green Party and will now need to be ratified by party members. This post analyzes exclusively the … Read More