Unprecedented, countries finalized the creation of a fund to compensate countries for loss and damage caused by the climate crisis on the first day of the UN Climate Change Conference.Â
Day: November 30, 2023
In response to the World Meteorological Society Report
Record heat. Deadly floods. Toxic air. It has never been clearer that the world must stop burning fossil fuels if we want a safe, livable planet. And yet, the fossil fuel industry is pumping more and more gas and oil, expanding its business, lying to us, and raking in deadly profits, as millions of people are displaced, harmed, and killed. Governments at the COP28 Climate Talks must take real action for a full, fair, funded, and fast phaseout of fossil fuels.Â
New Data Reveals Canada is Second Largest Public Funder of CCS to Date – A Lifeline for Fossil Fuels, Not Climate Action
As the United Nations Climate Change Conference begins today, Oil Change International revealed the failure of Carbon Capture and Storage (CCS) in Carbon Capture’s Publicly Funded Failure. CCS has a 50 year track record of over-promising and under-delivering, and every investment in CCS provides a lifeline to the fossil fuel industry.
Carbon Capture’s Publicly Funded Failure
Governments have spent over $20 billion – and have approved up to $200 billion more – of public money on carbon capture and storage (CCS), providing a lifeline for the fossil fuel industry. Almost 80% of operating carbon capture capacity globally sends captured CO2 to produce more oil via Enhanced Oil Recovery, while many of the world’s largest CCS projects overpromise and underdeliver.
We Won’t Be Tricked: How the fossil fuel industry is using the dangerous “abatement” distraction to stay in business
Oil and gas companies, and some governments, are more interested in looking like they’re acting on climate change than actually acting. They spend billions on smoke and mirrors such as “carbon capture and storage,” “certified gas,” ammonia co-firing, and hydrogen when in reality, they are trying to build escape hatches to continue their dirty business as usual.
New Data Reiterates Carbon Capture Is A Lifeline for Fossil Fuels, Not Climate Action
FOR IMMEDIATE RELEASE November 29, 2023 As the United Nations Climate Change Conference begins today, Oil Change International revealed the failure of Carbon Capture and Storage (CCS) in Carbon Capture’s Publicly Funded Failure. CCS has a 50 year track record of over-promising and under-delivering, and every investment in CCS provides a lifeline to the fossil … Read More