Amidst a climate crisis and global pandemic, it’s essential that countries develop public finance packages that phase out fossil fuel production and invest in a just, green transition toward renewable energy that benefits communities and industry workers. While the Netherlands has committed to redirect financial flows from fossil fuels to climate action, this report reveals that the Dutch Government continues to provide billions — at least €8.3 billion per year — in taxpayer backed support for the production and use of fossil fuels.
Amidst a climate crisis and global pandemic, a new analysis from Friends of the Earth Netherlands and Oil Change International reveals that the Dutch government continues to provide billions — at least €8.3 billion per year — in taxpayer backed support for the production and use of fossil fuels. By ending fossil fuel subsidies, the Netherlands could free up resources to invest in a just and green recovery from COVID-19, whilst reducing greenhouse gas emissions by 7.7% by 2025.
This victory comes as an enormous relief to people all along the more than 600 miles of pipeline route through West Virginia, Virginia, and North Carolina.
The current crisis is a clear warning sign that, if governments leave the “when” and “how” of the end of oil and gas up to tumultuous markets, the outcome will not be good for either people or the planet.
A new study published last week confirms what we already knew about oil and gas in the Permian Basin. It’s an unmitigated disaster.
This week the seemingly impossible happened: U.S. oil futures prices went negative for the first time in history. What happens next is up to us.
The U.S. government should acquire ownership and control over fossil fuel companies to safeguard workers, avoid taxpayer-funded bailouts, restore communities, save taxpayer dollars, and ensure an eventual managed phase-out of coal, oil, and gas production.
In response to the apparent deal struck today by major oil producers for deep output cuts to end the price war, and in anticipation of the G20 meetings tomorrow, experts at Oil Change International have issued the following statements.
The COP26 bureau and United Nations Framework Convention on Climate Change have announced the postponement of the Bonn intersessional and COP26 climate negotiations to 2021.
Today, the Government of Alberta announced that it would support TC Energy’s Keystone XL oil pipeline, with a direct investment of more than USD 1 billion.