In providing public finance for coal projects, Japan ranks as the worst offender among the G7 nations for supporting more than $22 billion in overseas coal projects from 2007-2015, and for plans to finance another $10 billion in future coal projects. Other G7 nations also financed coal development between 2007-2015
Author: Alex Doukas
What do Japan and the tobacco industry have in common?
“Cigarettes are good for you.” The tobacco industry successfully peddled this myth for decades. Today, nobody would believe them, and the boldness of the lie seems staggering in retrospect. But Japan, under the leadership of Prime Minister Shinzo Abe, seems determined to give the tobacco industry a run for its money with another big lie: … Read More
Still Failing to Solve Energy Poverty
This report assesses how four multilateral development banks (MDBs) — World Bank Group, Inter- American Development Bank, African Development Bank, and Asian Development Bank — are measuring up in their efforts to address the global energy access challenge.
World Bank Group Funds Fossil Fuel Exploration
The World Bank Group continues to invest in exploration for new fossil fuel reserves despite clear signs that we already have far more fossil fuels than we can afford to burn, and over the last five years, the World Bank Group’s total fossil fuel finance has trended upwards, with finance into the billions of dollars nearly every year.
Don’t let fossil fuel subsidies undermine clean energy momentum in Canada
On Tuesday, Justin Trudeau’s government unveiled their first budget. There’s good news, and there’s bad news.
Ending Canada’s billions in fossil fuel subsidies
Just last year, Canada’s Liberal Party campaigned on a promise to start winding down subsidies to fossil fuel producers. Now that they’ve been elected on that platform, Justin Trudeau’s government faces its first real test on fossil fuel subsidies in the 2016 budget that will be released next week. You can call on the government to … Read More
Big Oil’s crisis of its own making: low prices bring calls for oil bailouts
Written by: Lorne Stockman, Greg Muttitt, and Alex Doukas The price of oil crashed to below $30 per barrel in early 2016, prompting not only a flurry of news stories highlighting things that cost more than a barrel of oil (including a bucket of KFC fried chicken), but also alarm from industry players and their supporters … Read More
Oil Change International Statement on 2015 fossil fuel subsidies in G20 Leaders’ Communique
“Today, G20 leaders reiterated their same tired commitment to end fossil fuel subsidies, for the sixth year in a row. It’s starting to ring hollow, with new research exposing $452 billion in subsidies each year to support the production of polluting fossil fuels.”
Time to act: G20 fails to move on fossil fuel subsidies promise (again)
This year, G20 leaders reiterated their same tired commitment to end fossil fuel subsidies, for the seventh time in a row. It’s starting to ring hollow.
Hidden Costs: Pollution from Coal Power Financed by OECD Countries
Hidden Costs: Pollution from Coal Power Financed by OECD Countries November 2015 Oil Change International and WWF DOWNLOAD REPORT OECD countries support coal-fired power plants abroad by providing preferential financing through institutions called Export Credit Agencies (ECAs). These coal-fired power plants have significant costs, in the form damages to the health of local populations from air … Read More