The glossy website for the African Oil Summit in London last week called the event “Africa’s premier global energy conference”. Partners included some of the biggest international oil companies such as BP, Shell, Eni, E.on and Total.
Day: May 23, 2023
Ahead of OECD negotiations, report shows OECD export finance props up fossil fuels, blocking energy transition
New analysis by Oil Change International shows that OECD countries supported fossil fuel exports by an average of $41 billion from 2018 to 2020, almost five times more than clean energy exports. This directly contradicts internationally agreed climate goals, including the Paris Agreement objective to align financial flows with the low-carbon energy transition.
Changing the Trade Winds: Aligning OECD Export Finance for energy with climate goals
New research shows that Organisation for Economic Co-operation and Development (OECD) countries supported fossil fuel exports by an average of USD 41 billion from 2018-2020, almost five times more than clean energy exports ($8.5 billion).