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Author: Collin Rees

Report Finds Global Banks Poured $1.9 Trillion into Fossil Fuels since Paris Agreement

March 20, 2019By Collin ReesPress Releases

A report released today endorsed by over 160 organizations around the world reveals that 33 global banks have provided $1.9 trillion to fossil fuel companies since the adoption of the Paris climate accord.

Stop ETP coalition statement: Pennsylvania’s bar on Energy Transfer permits long overdue

February 13, 2019By Collin ReesFeatured, News, Press Releases

“Energy Transfer’s projects across Pennsylvania and the country continue to trample Indigenous rights, endanger communities, land, and water, and wreck the climate,” said Collin Rees of Oil Change International. “Until these projects are shut down permanently, that’s not going to change.”

Oil Change Int’l Response to Approval of the EBRD’s New Energy Sector Strategy

December 12, 2018By Collin ReesFeatured, News, Press Releases

“If MDBs follow through on this commitment, we would expect the EBRD’s brand-new strategy to be obsolete within a year, given what will be required to truly align with the Paris Agreement ambition to limit warming to 1.5°C,” said Alex Doukas, Program Director at Oil Change International.

Big Shift Global reaction to World Bank Group’s post-2020 climate goals announcement

December 3, 2018By Collin ReesBlog Post, Featured, News, Press Releases

The World Bank Group released new climate targets for 2021-2025, aiming to provide and mobilize $200 billion in support of countries’ climate action. Members of the Big Shift Global coalition react to this announcement.

The No Fossil Fuel Money caucus in Congress more than doubled this week

November 9, 2018By Collin ReesBlog Post, Featured, News

In a sign of things to come, the number of Congress members who’ve signed the No Fossil Fuel Money Pledge has now more than doubled. Over 30 Members of Congress have now pledged to reject all contributions from the oil, gas, and coal industries, with some races still to be called that could increase that number even further.

Civil Society Welcomes IFC’s Moves to Exclude Coal in Its Financial Intermediary Lending

October 8, 2018By Collin ReesBlog Post, Featured, News, Press Releases

“This is an important step by the IFC to redirect its investment to align with the Paris Agreement on climate change, and other financial institutions should sit up and pay attention,” said Alex Doukas of Oil Change International

Oil Change International Responds to EBRD Release of Draft Energy Sector Strategy

September 26, 2018By Collin ReesBlog Post, Featured, News, Press Releases

Yesterday, the European Bank for Reconstruction and Development (EBRD) released a revised draft of its energy sector strategy. The draft of the new strategy is due to be finalized by the end of 2018, and will have bearing on billions of dollars in public finance for energy.

Letter: 65 Groups from 28 Countries Tell EBRD and EIB to Stop Financing Fossil Fuels

September 26, 2018By Collin ReesFeatured, Letters, News, Resources

As EBRD and EIB prepare for their respective energy sector strategy reviews, 65 civil society groups from 28 countries released an open letter being sent to top EBRD and EIB officials demanding that they stop financing oil, gas, and coal projects.

Big Shift Global reaction to World Bank battery storage announcement

September 26, 2018By Collin ReesBlog Post, Featured, News, Press Releases

“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.”

Oil Change International responds to court’s quashing of Trans Mountain’s approval

August 30, 2018By Collin ReesBlog Post, Featured, News, Press Releases

“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.”

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