Posts in subsidies
- FOR IMMEDIATE RELEASE May 27, 2016 Contact: Alex Doukas, alex [at] priceofoil [dot] org G7 leaders call for end to fossil fuel subsidies worldwide by 2025 In response to the G7 Leaders’ Declaration released today, where world leaders for the first time established a deadline on their commitment to phase out fossil fuel subsidies, Alex Doukas, Senior...
Continue reading 'Reaction: 2025 fossil fuel subsidies deadline in G7 Leaders’ Declaration'.
- Just last year, Canada’s Liberal Party campaigned on a promise to start winding down subsidies to fossil fuel producers. Now that they’ve been elected on that platform, Justin Trudeau’s government faces its first real test on fossil fuel subsidies in the 2016 budget that will be released next week. You can call on the government to...
Continue reading 'Ending Canada’s billions in fossil fuel subsidies'.
- While a reasonable new fee on oil to fund much needed transportation improvements may be a bridge too far for those who take their marching orders from Big Oil, we hope Congress might finally consider eliminating wasteful government spending in the form of fossil fuel subsidies at the very least.
- Today, the Obama Administration released a fact sheet describing a new initiative included in the President’s upcoming budget proposal, which will include a new fee paid by oil companies along with increased investments in new transportation options. Read more for Oil Change International's response.
- If a climate test were to be applied to this bill, there’s little doubt it would fail.
- 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.
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