Posts in subsidies
- 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'.
- Next week, on November 14th, we’re raising some noise. We are demanding our leaders live up to their commitments. We’re demanding they square their climate rhetoric with action. We’re telling them to Stop Funding Fossils.
- 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'.
- G20 leaders first pledged to end fossil fuel subsidies back in 2009. Almost six years later, and despite reiterating that vow each and every year, they have precious little to show for it.
- New analysis released today by Oil Change International shows that, despite repeated calls for urgent action on climate change, the World Bank Group increased funding for fossil fuels in its last fiscal year. This increase comes during the first full fiscal year following the World Bank’s announced commitment to limit coal financing due to climate concerns.
- Oil companies demanded tax breaks in UK Budget, despite their eye-watering profit levels - OCI/Plaform analysis. UPDATED with the Budget announcement
- A new analysis of leaked OECD data finds that over the last decade, export credit agency finance has played a significant role in supporting coal power generation globally.
- 2014: Oil lows and temperature highs. Scientists confirmed a couple of days ago that 2014 was the hottest year ever recorded, adding itself as one of the 14 hottest years on record, 13 of which have happened in the 21st century. If the coffin of climate change denial has space for any more nails, perhaps...
Continue reading 'Soaring temperatures and plummeting oil'.
- The UN climate talks are nearing the final hours and one of the major sticking points is finance. Well, we're here to tell governments there's plenty of money available if they look in the right place.
- Public support for fossil fuel exploration in rich countries is nearly triple the amount pledged to the Green Climate Fund.
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