“While this new commitment is an important step forward, it’s not enough. Millions of people are currently being left behind when it comes to accessing clean, affordable energy. The World Bank must commit to significantly scaling up its finance to support energy access for those without it, particularly for distributed renewable energy solutions.”
“De facto halting this dangerous project keeps open the only credible path for Canada to live up to its obligation to fight climate change. Building new, long-lived pipelines in support of ever-growing oil production and export is wholly incompatible with the rapid transition away from fossil fuels required.”
Dozens of advocacy groups highlighted fundamental flaws in a draft federal study intended to assess the macroeconomic impacts of expanded LNG export.
A new study by Oil Change International has found that drilling for more new gas in Irish waters is not compatible with achieving the Paris Agreement to limit climate change. The report assesses the role of fossil gas in the energy system against the background of Ireland’s own decarbonization targets, and our obligations under the Paris Agreement.
“This decision represents a complete failure by the Minnesota Public Utilities Commission to hear the concerns of Indigenous communities and other Minnesotans demanding its rejection.”
Over 230 civil society groups from 44 countries released an open letter being sent to Canadian Prime Minister Justin Trudeau, urging him to reject the pipeline and instead begin planning for a managed decline of fossil fuel production and a just transition for workers and impacted communities.
This month we took escalated our campaign and took the fight directly to US Bank’s Annual Shareholder Meeting in Albuquerque, where representatives from pipeline resistance groups from across the nation told their stories directly to US Bank executives.
Last week, hundreds braved frigid temperatures and blinding snow for a series of actions demanding the US Bank end its funding of pipeline companies.
“The additional ‘restrictions’ placed are woefully inadequate. The DEQ mandates the use of ‘Horizontal Directional Drilling’ to protect the Neuse River – yet this same drilling technique is so dangerous that it’s resulted in state and federal regulators shutting down construction of two major natural gas pipelines just this month.”
All financial institutions, public and private, including the World Bank, must still work toward aligning their finance with the aim of keeping global temperature increase below 1.5 degrees Celsius, but today, the World Bank set a high new bar in climate leadership.