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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

    Italy breaks climate promise to end public financing for international fossil fuel projects, publishing ‘worst-in-class’ climate policy


    Italy publishes policy that continues investments in new fossil fuel projects, breaking commitment made at 2021 UN COP26 climate summit.
    Policy denies climate science and fossil fuel phase-out trajectories presented by the IPCC on the same day
    Civil society calls for Italy to be kicked out of international agreement on fossil fuel finance phase-out (the Glasgow Statement)
    Dangerous policy for Italy’s SACE export credit agency is by far the worst among group of countries that pledged action at COP26, campaigners say
    Action confirms

    Today, the IPCC released its last report under the Sixth Assessment Cycle after approval by government delegates in Interlaken. The Synthesis Report covers the major findings from the last three Assessment reports and the Special Reports, and provides a comprehensive scientific framework for understanding the climate crisis and solutions to it. In response, Romain Ioualalen, Global Policy Campaign Manager, Oil Change International, said:

    "The IPCC's Synthesis Report once more raises the alarms to code red: we need urgent action on the climate crisis. With nearly 3.6 billion people worldwide highly climate vulnerable, there is no alternative to a rapid fossil fuel

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    REPORTS & BRIEFINGS

    New research shows stop funding fossils commitment forged at the 2021 UN climate summit is already shifting an estimated USD 5.7 billion per year out of fossil fuels and into clean energy. If all signatories fulfill their commitments, then a further 13.7 billion per year will be shifted out of fossil fuels and into clean energy.

    New Briefing: Despite pledging to stop international financing for fossil fuel projects by the end of 2022, the Italian Government is continuing to actively consider financing for major international fossil fuel projects that could emit greenhouse gas emissions equivalent to at least 3.5 times Italy’s annual emissions.

    The briefing reveals that new oil and gas production approved to date in 2022 and at risk of approval over the next three years could cumulatively lock in 70 billion tonnes (Gt) of new carbon pollution. This is equivalent to almost two years’ worth of global carbon emissions from energy at current levels, 17 percent of the world’s remaining 1.5°C carbon budget, or the lifecycle emissions of 468 coal power plants.

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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.

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