Bali, Indonesia – Oil Change International today released a new database and report that reveals over $61.3 billion in international public financing has benefited the oil and gas industry since 2000. Just last week, the European Parliament overwhelmingly passed language calling for an end to fossil fuel financing by the European Investment Bank and Export … Read More
Month: December 2007
Japan Also Under Fire in Bali
Its not just Australia that is being criticized for its stance in Bali. In an opening gambit, Japan has proposed that the climate conference pursue a broad “least common denominator” approach to negotiating new controls on global-warming gases. Environmentalists couldn’t think less of it. The proposal says nothing about making future targets for emission reductions … Read More
Greenpeace Accuses Australia of Undermining Bali Talks
Just days after new Australian Prime Minister, Kevin Rudd took office and pledged radical different policies on climate, Greenpeace has accused Australia of undermining negotiations on emissions targets for developed countries at the current United Nations climate talks in Bali. Although, the European Union wants a 25 to 40 per cent band of emission reductions … Read More
A Threat to a Way of Life
Great article in yesterday’s New York Times about the battle in the Arctic over oil and the threat to the way of life of the Inupiat. As the Times says: “The culture and traditions of the Inupiat revolve around whaling and seasonal hunting, which could be disrupted by a Prudhoe Bay-style oil development … The … Read More
Climate Summit Opens in Bali
Some fifteen thousand people (including two from Oil Change) are in Bali for the annual two week UN Conference on climate change. This year’s meeting is the largest ever. It also seen as the most important in years as delegates are under pressure to deliver a new post-Kyoto global agreement on how to cut rising … Read More
US Sues Oil Spill Ship
The US federal government has filed suit against the owners and pilot of the container ship that ran into San Francisco’s Bay Bridge on November 7th. The suit, filed in federal court in San Francisco, seeks compensation for cleanup costs and the harm to natural resources caused by the 58,000-gallon spill of heavy bunker fuel … Read More
6 Bid for Alaska Gas Line
The US state of Alaska has received five natural gas pipeline applications, including one unexpected bid from a Chinese energy titan. The state also received an alternative proposal from Conoco Phillips that didn’t meet the state’s application criteria. The other two oil giants operating on the North Slope, BP and Exxon Mobil, submitted nothing. Gov. … Read More
Aiding Oil, Harming the Climate: A Database of Public Funds for Fossil Fuels
This report, based on the End Oil Aid database, quantifies the magnitude of subsidies from governments going to the oil and gas industry internationally via international financial institutions, often in the name of poverty alleviation.