The Netherlands just contradicted its COP26 pledge to end public finance for fossil fuels by the end of 2022 and shift this money to clean energy by issuing a commitment to insure the Brazil Santos Basin Pre-Salt Pole oil and gas production project for around USD 321 million.

Yesterday, the message from the world’s leading climate scientists was their most brutal and stark yet. It was unequivocal.

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