As the UN climate talks begin, fossil fuel phase out and an agreement to triple renewable energy and double energy efficiency are top of the agenda. To limit warming to 1.5°C, fossil fuel phase out targets established by the International Energy Agency and IPCC must be deployed alongside renewable energy and energy efficiency targets, which … Read More
Author: Valentina Stackl
Backgrounder: Japan’s fossil finance threatens to derail the energy transition in Asia and globally
Despite the urgent need to phase out fossil fuels, Japan is driving the expansion of liquified gas (LNG) and other fossil-based technologies like ammonia co-firing, worsening the climate crisis and harming communities and ecosystems.
Fossil Fuel Production Rises Under the Inflation Reduction Act, Exacerbating Environmental Injustice
The Inflation Reduction Act and U.S. President Joe Biden’s policies fail to reduce fossil fuel production or alleviate impact on environmental justice communities, according to a new briefing by Oil Change International.
Experts react to Japan and South Korea’s joint hydrogen and ammonia initiative
Today, Japanese and South Korean leaders are expected to announce a joint supply network for hydrogen and ammonia at the Asia Pacific Economic Cooperation (APEC) meeting. The initial announcement did not restrict the supply chain to renewable energy-based green hydrogen and ammonia, according to the Nikkei report of the development.  Without clear guardrails, experts say … Read More
EU, UK, and Canada move to phase out fossil fuel finance at OECD
US, South Korea, and Japan fail to follow suit
The European Union, the United Kingdom, and Canada are ready to be climate leaders by proposing phasing out fossil fuel finance through Export Credit Agencies at the OECD. This move reflects a commitment to aligning public financing with climate goals and the urgent need to transition to clean energy.
First Ever Norwegian Oil and Gas Industry’s Influence Mapped Exposes Fossil Fuel Sway in Multiple Sectors
Oslo, Norway– Norway, Europe’s largest producer of oil and gas, plays a pivotal role in the global energy landscape. In the last ten years the country has increased its oil and gas licensing exponentially, making it Europe’s most aggressive explorer. The oil and gas industry is one of Norway’s most significant economic sectors, employing approximately … Read More
Oil Change International Calls for Ceasefire, Peace, and Justice in Palestine and Israel
We, at Oil Change International, express our profound grief for the lives lost and the enduring anguish resulting from the continued surge of violence in Palestine. Our hearts are also with those grieving from the violence unleashed on Israelis by Hamas. As an organization committed to equity and racial justice we are in solidarity with … Read More
EXIM’s approval of Estonian oil project financing another blow to Biden’s climate promises
“The United States can help lead a shift of billions of dollars from last century’s dirty energy into the clean, renewable energy of the future, but EXIM’s fossil fuel approvals like Liwathon are a huge step backward.”
Pope Francis signals support for fossil fuel phase out ahead of crucial climate negotiations
The Pope described delaying action on fossil fuels as “suicidal” as humanity faces the increasingly severe consequences of the climate crisis.Â
IEA’s 2023 Net Zero Roadmap Reinforces Urgent Need for a Fossil Fuel Phase-Out
The International Energy Agency’s 2023 Net Zero Roadmap report reaffirms that world leaders must not develop new oil, gas, or coal beyond existing fields – and some existing fields and infrastructure will need to be closed early – to remain within the internationally agreed upon temperature limit.