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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.

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    REPORTS & BRIEFINGS

    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.

    This briefing, "Japan's Dirty Secret: World's top fossil fuel financier is fueling climate chaos and undermining energy security," reveals that Japan is the world’s largest public financier of fossil fuel projects, providing 10.6 billion USD per year between 2019 and 2021. Japan has been leading the drive to expand gas consumption in Asia and is the world’s leading financier of gas infrastructure globally, spending USD 6.7 billion on gas projects on average each year between 2019 and 2021.

    This report looks at G20 country and MDB traceable international public finance for fossil fuels from 2019-2021 and finds they are still backing at least USD 55 billion per year in oil, gas, and coal projects. This is a 35% drop compared to previous years (2016-2018), but still, almost twice the support provided for clean energy, which averaged only $29 billion per year.

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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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