Finance in Common Summits misses opportunity to end fossil fuel finance, but there is a way forward, say CSOs

November 12, 2020By LaurieBlog Post, Featured, News, Press Releases, Stop Funding Fossils

Today development banks signed a joint declaration at the first global summit of development banks, Finance in Common. Before the summit, the UN Secretary General, youth climate activists, and over 300 civil society organisations all urged development banks to act to end fossil fuel investments. However, the joint declaration only includes a vague commitment to “consider” ways to reduce fossil fuel investments.

Commemoration of Anniversary of Execution of Ogoni 9 — 25 Years

November 10, 2020By Oil Change InternationalBlog Post

On November 10, 1995, Ken Saro-Wiwa and eight other Ogoni activists — Saturday Dobee, Nordu Eawo, Daniel Gbooko, Paul Levera, Felix Nuate, Baribor Bera, Barinem Kiobel, and John Kpuine — were hanged by the Nigerian dictatorship in Port Harcourt. Their only crime? Exposing the devastating impact that Shell Petroleum Development Company’s extraction of fossil fuels from the Niger Delta had on the Ogoni land, lives, and livelihoods. 

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).