A global coalition of civil society groups organized a demonstration at the COP27 climate negotiations in Egypt on “Finance Day” to demand wealthy governments – particularly Japan as the world’s largest financier of fossil fuels – stop financing new fossil fuel projects and shift investments to renewable energy.
This paper outlines priorities for the Beyond Oil and Gas Alliance (BOGA) and its members that were identified by civil society groups to turn what has remained a largely aspirational diplomatic initiative into a force for increased climate action in line with equity, justice, and science.
Today, a few days after a high level event (1) organized by the Beyond Oil and Gas Alliance (2) on the margins of the UN General Assembly in New York, civil society organizations launch a position paper urging the coalition and its members to deliver on commitments to promote a global phase out of oil and gas production, and turn aspirations into bold and ambitious climate action in line with equity, justice, and science.
Contacts Nicole Rodel: nicole [at] priceofoil.org Silje Lundberg: silje [at] priceofoil.org Today, Prime Minister Liz Truss announced the reversal of the UK’s fracking ban, despite advice from the government’s own advisors that such a move will not help lower energy bills or support long-term energy security. The decision to remove the moratorium on fracking, which … Read More
The Glasgow Statement on public finance requires signatories to end new direct overseas support for fossil fuels by the end of 2022 and fully prioritize finance for a clean and just energy transition. But only a handful of signatories have begun to turn these pledges into action.
G7 leaders watered down a commitment made in May by their energy ministers to end international public finance for fossil fuels by the end of this year, drawing a swift rebuke from climate and development campaigners.
Yesterday, the government of Norway and the European Commission released a joint statement on energy cooperation in which the EU officially supported “continued [oil and gas] exploration”.
Today G7 climate, energy and environment ministers issued a communique committing to end public finance for fossil fuels by the end of this year.
The UK House of Commons Environmental Audit Committee have launched a inquiry into Accelerating the transition from fossil fuels and securing energy supplies, which is scrutinising the UK Government’s Energy Security Strategy and its North Sea Transition Deal (for oil and gas production in the UK’s Continental Shelf). Oil Change International submitted the following evidence for the committee.