The Climate Action Network (CAN), a worldwide network of over 365 Non-Governmental Organizations working together to fight climate change, called on the G8 today to “start a complete phase out of public financing for fossil fuel operations and oil aid and ensure that International Financial Institutions, such as the World Bank, become leaders in investing in the energy future, based on renewable energies and energy efficiency.”
Energy and climate change will once again be on the agenda at this year’s G8 Summit in June in Germany, and CAN’s call to end oil aid was one of a number of demands that organizations are putting forward. Pressure is mounting for the G8 to stop fueling global warming with subsidies to Big Oil and other fossil fuels and to start focusing on moving the world towards a new and renewable energy revolution.