Over 100 groups sent a letter to Biden Administration officials ahead of this week’s G7 meeting of climate change and environmental ministers urging the United States to resist the Japanese push for increased public investments in LNG.
Japan’s G7 Presidency Threatens Progress to End Fossil Fuel Financing
As G7 Climate, Energy and Environment Ministers prepare to meet in Japan, two new briefings launched today show the extent to which G7 countries are succeeding and failing in holding up their climate and energy security commitments.
Briefing: G7 countries can shift billions into clean energy if they strengthen their commitment to end international fossil finance
The new briefing provides preliminary energy finance data for 2022 and shows that not only investments in new fossil fuel infrastructure are incompatible with meeting climate goals, but also that they are not needed for energy security and development goals.
Briefing: Japan’s Toxic Energy Strategy for Asia
This briefing explains how Japan’s “Green Transformation (GX)” policy is a greenwashing exercise designed to benefit corporate interests and prolong the use of fossil fuels when renewable energy solutions are reliable, available, cleaner, and cheaper.
Climate Expectations for World Bank Group Spring Meetings
“The World Bank cannot be effective on climate action until it stops adding fuel to the fire. We’ll be looking to shareholders and Bank leadership to make serious commitments to stop all forms of support for fossil fuels,” said O’Manique.
G20 public money enabled 82% of LNG export infrastructure expansion, breaking climate promises
Government-backed LNG projects are exposing the public to stranded asset risks and causing emissions nearly twice the annual emissions of Canada.
Explainer: Latest data shows the World Bank Group and its peers are still locking in a fossil future
Ahead of the 2023 World Bank Spring meetings, we have compiled the major MDBs’ 2022 energy finance data for the first time.
As Biden expands Gulf of Mexico drilling, new research finds it has significantly greater climatic impact than previously thought
A new scientific paper, published yesterday in the PNAS, the Proceedings of the National Academy of Sciences, has concluded that government inventories of methane and carbon dioxide significantly underestimate the amount of gases which are released in the Gulf of Mexico from oil and gas operations.
OECD risks labeling gas and other fossil-based technologies climate-friendly
The OECD has adopted a new list of “climate-friendly” projects that will benefit from preferential financial terms for export support. But a number of projects are poorly defined, potentially allowing for preferential financial incentives for export credit agency investments in gas.
Climate crisis: Is it time to charge Big Oil with homicide?
A new academic study, accepted for publication in Harvard Environmental Law, asks the pertinent question about Big Oil and climate change: “Given the extreme lethality of the conduct and the awareness of the catastrophic risk on the part of fossil fuel companies, should they be charged with homicide?”