This 10th annual “Banking on Climate Change” fossil fuel finance report card reveals that overall bank financing continues to be aligned with climate disaster, and that financing for fossil fuels has increased every year since the Paris Agreement was signed.
A report released today endorsed by over 160 organizations around the world reveals that 33 global banks have provided $1.9 trillion to fossil fuel companies since the adoption of the Paris climate accord.
Investors often use the WEO to assess energy investments. Contrary to the IEA’s claims, its ‘Sustainable Development Scenario’ (SDS) is not aligned with the Paris goals.
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.
“My biggest concern is that the UN talks failed to align ambitions with science. We continue to follow a path that will take us to a very dangerous 3-4C warmer world within this century.”
Dozens of advocacy groups highlighted fundamental flaws in a draft federal study intended to assess the macroeconomic impacts of expanded LNG export.
288 major investors worth more than $26 trillion USD in assets are warning that we aren’t on track to meet the goals of the Paris Agreement and lack the tools needed to get there. In a public statement and policy brief released yesterday, the group which includes major pension funds, banks, asset managers, churches, … Read More
If Governor Brown is serious about marshaling a response to climate change that is adequate to the challenge, he must lead the managed transition off oil and gas production in California. That’s the call to action of a new report released by Oil Change International in partnership with 14 other environmental justice and climate groups.
This new report details why California must chart a path off fossil fuel extraction to meet its commitment to the Paris Agreement climate goals.
Today, close to 500 organizations and 140 leading economists are calling on parties gathered for the latest round of climate negotiations to address fossil fuel production and financing in order to ensure success in meeting goals enshrined in the Paris Climate Agreement.