Today, at the 7th Ministerial meeting on Climate Action (MOCA) in Brussels, Dr Sultan Al Jaber from the UAE outlined his vision for the outcomes of the COP28 climate conference to be held in Dubai in December.
Author: nicole
Italy’s SACE breaks climate promise with $500 million guarantee for Peru oil refinery
Italy’s export credit agency SACE has approved a $500 million guarantee in loans for the Talara oil refinery in Peru, once again breaking their commitment to end their international public finance for fossil fuels by the end of 2022.
Norway approves $18 billion in support for new oil and gas projects
Norway’s energy ministry approves over USD 18 billion to support 19 new oil and fossil gas field developments on the Norwegian Continental Shelf in the North Sea – Silje Ask Lundberg, Oil Change International North Sea campaign manager responds.
Letter: Global North leaders must redirect trillions from fossils, debt, and the 1% to address global crises
150+ economists and policy experts including Yanis Varoufakis, Jason Hickel, and Olúfémi O. Táíwò are calling on Paris Summit leaders to ensure real global financial system transformation is on the agenda.
Oil Change International responds to UN Secretary General António Guterres speech
“The Big Oil and Gas business model cannot be reformed. Its foundation is destruction – of communities, of ecosystems, and all our futures. Governments must act to phase out this destructive industry and unlock the transition to nature-positive, community-owned, renewable energy.”
Bonn Climate Conference must deliver a pathway towards an agreement on fossil fuel phase out and a renewable energy revolution at COP28
FOR IMMEDIATE RELEASE Contact: Nicole Rodel, Oil Change International, nicole@priceofoil.org (CET) Valentina Stackl, Oil Change International, valentina@priceofoil.org (EST) Bonn Climate Conference must deliver a pathway towards an agreement on fossil fuel phase out and a renewable energy revolution at COP28 Bonn, Germany. 5 June 2023 – Climate negotiators will gather this week for the … Read More
Shipbuilders likely to face major losses if they expand LNG capacity, new study finds
Shipbuilders face significant risk by overshooting liquefied natural gas (LNG) shipping capacity that is inconsistent with future energy scenarios, according to a new report released today by Climate Analytics and Solutions for Our Climate.
Ahead of OECD negotiations, report shows OECD export finance props up fossil fuels, blocking energy transition
New analysis by Oil Change International shows that OECD countries supported fossil fuel exports by an average of $41 billion from 2018 to 2020, almost five times more than clean energy exports. This directly contradicts internationally agreed climate goals, including the Paris Agreement objective to align financial flows with the low-carbon energy transition.
Changing the Trade Winds: Aligning OECD Export Finance for energy with climate goals
New research shows that Organisation for Economic Co-operation and Development (OECD) countries supported fossil fuel exports by an average of USD 41 billion from 2018-2020, almost five times more than clean energy exports ($8.5 billion).
G7 leaders risk dangerous backsliding on fossil gas investments at upcoming G7 Summit
“Prime Minister Kishida is using Japan’s G7 presidency to benefit Japanese corporate interests over the health and security of people and our planet,” said Susanne Wong.