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At Oil Change International we work to expose the true costs of fossil fuels and facilitate the ongoing transition to clean energy. Join us.
LATEST POSTS
In light of the war in Ukraine, shareholder actions on climate against Big Oil are faltering. One activist investors says: “The oil industry is really using the energy crisis as an excuse now to stall climate action.”
A new peer-reviewed study published in Environmental Research Letters finds that existing oil, gas, and coal extraction sites need to be closed down to stay within 1.5C. The study, led by researchers at Oil Change International and the International Institute for Sustainable Development, finds that nearly 40% of developed fossil fuel reserves need to stay in the ground to keep the 1.5°C limit in reach.
Leading climate scientists have revealed that there is a “very strong likelihood” that one of the next five years will be the warmest on record and that the chance of at least one of the next five year’s exceeding 1.5°C is rapidly increasing.
"Congress must crack down on Big Oil's insatiable greed by taxing these windfall profits and moving the United States and the world to renewable energy as quickly as possible," said Collin Rees.
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REPORTS & BRIEFINGS
This briefing shows that companies are set to make £11.6 billion windfall on UK oil and gas in 2022 and why the UK government is missing this opportunity to fund an energy transition.
This briefing explains why financial flows to fossil fuels matter and how to use the data provided by the Public Finance for Energy Database to help secure a just energy transition.
This report, Banking on Climate Chaos 2022, analyzes fossil fuel financing and policies from the world’s 60 largest commercial and investment banks. We reveal that fossil fuel financing from the world’s 60 largest banks has reached nearly USD $4.6 trillion in the six years since the adoption of the Paris Agreement, with $742 billion in 2021 alone.
With oil prices rising to near-record levels due to Russia’s ongoing war in Ukraine, companies producing oil and gas in the United States are in line to make tens of billions in additional profits. Under conservative estimates, we find the U.S. upstream oil and gas industry will collect a windfall of $37 to $126 billion in 2022 alone.
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PROGRAM AREAS
The world is experiencing a climate breakdown. We're working to chart a new course off fossil fuels.
GLOBAL POLICY
The Paris climate goals demand a rapid, just transition from fossil fuels to clean energy. We’re pushing governments to lead the way by adopting policies to end oil and gas production.
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PUBLIC FINANCE
Governments are still spending billions subsidizing oil, gas, and coal. We need to #StopFundingFossils and start investing in the future.
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GLOBAL INDUSTRY
The science says we need to keep fossil fuels in the ground to meet climate goals. We’re pushing back against industry spin saying otherwise.
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AFRICA
In Africa, Oil Change is supporting movement partners in challenging key proposed fossil fuel projects.
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ASIA
In Asia, we’re fighting the buildout of gas infrastructure and working towards an end to all finance for fossil fuels.
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UNITED STATES
In the U.S., we’re working at all levels to halt fossil fuel expansion and align government policies with science and justice.