Posts in public finance
Risking It All: New report shows how Export Development Canada’s support for fossil fuels drives climate changeA new report released today reveals the disconnect between Canada’s promises on climate change and the actions of its official export credit agency, Export Development Canada (EDC), in propping up the oil and gas industry through government-backed (public) finance.
- This report reveals the disconnect between Canada’s promises on climate change and the actions of its official export credit agency, Export Development Canada (EDC), in propping up the oil and gas industry. Government-backed Export Development Canada provided 12 times more finance for oil and gas than for clean technologies.
Report: Public Finance for Energy in Africa Focuses on Fossil Fuels, as Key Energy Access Solutions Are Left BehindAnalysis of the data shows that public finance for energy in Africa focuses on fossil fuels, as key energy access solutions are left behind.
- The World Bank's pledge to end all upstream investment in the oil and gas sector by 2019 topples a key pillar holding up the social license around the fossil fuel industry.
- The World Bank just shook the world of energy finance to its foundations. On December 12, at the One Planet Summit in Paris, the world’s most high-profile public bank said they would no longer finance oil and gas extraction after 2019. This move made headlines around the world, and it was the direct result of...
Continue reading 'The World Bank just drove another nail in the coffin of oil and gas'.
- Each year, G20 countries provide nearly four times more public finance to fossil fuels than to clean energy. In total, public fossil fuel financing from G20 countries averaged some $71.8 billion per year, for a total of $215.3 billion in sweetheart deals for oil, gas, and coal over the 2013-2015 timeframe covered by the report. Fifty percent of all G20 public finance for energy supported oil and gas production alone.
- Each year, G20 countries provide nearly four times more public finance to fossil fuels than to clean energy, according to a new report released today. In total, public fossil fuel financing from G20 countries averaged some $71.8 billion per year, for a total of $215.3 billion in sweetheart deals for oil, gas, and coal over the 2013-2015 timeframe covered by the report.
- Hidden Costs: Pollution from Coal Power Financed by OECD Countries November 2015 Oil Change International and WWF DOWNLOAD REPORT OECD countries support coal-fired power plants abroad by providing preferential financing through institutions called Export Credit Agencies (ECAs). These coal-fired power plants have significant costs, in the form damages to the health of local populations from air...
Continue reading 'Hidden Costs: Pollution from Coal Power Financed by OECD Countries'.
- Today – just a few months before landmark climate change negotiation in Paris – a little-known working group within the OECD met to discuss a big issue: should rich countries continue to push dirty coal technologies overseas, or should they finally set some limits on financing climate destruction? The question is an important one, as a...
Continue reading 'It’s past time for OECD countries to axe support for overseas coal and to #StopFundingFossils'.
- A new report released today by Oil Change International, Natural Resources Defense Council (NRDC), and World Wide Fund for Nature (WWF) exposes for the first time a web of billions of dollars of public finance flowing to support the coal industry each year by way of export support, development aid and general finance.
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