There is no room for further financing of fossil gas or any other fossil fuel projects by the EIB. This briefing calls for the new Energy Lending Policy to reflect this reality. The EIB cannot claim to uphold its commitment to align its finance with the Paris Agreement if it continues to finance fossil gas projects.
Fossil Gas
IEA âNew Policy Scenarioâ Promotes âBusiness As Usualâ In A Carbon-Constrained World
When it comes to making decisions on expensive and complex energy infrastructure, investors, governments, and companies look decades into the future. Unfortunately for action on climate change, the IEA’s World Energy Outlook has a strong status quo bias.
New Report Debunks Gas ‘Bridge Fuel’ Myth
A new report debunks the myth that natural gas can be a bridge to a clean, affordable energy future and warns policymakers to âavoid picking gas as the winnerâ in the transition to clean energy.
Breaking! Gas Still Isnât a Bridge Fuel
Gas is dirty, expensive, and unnecessary – so why is the fossil fuel industry calling it a ‘bridge fuel’? Our new report unpacks and debunks the enduring myth that gas can form a ‘bridge’ to a safe climate.
Burning the Gas ‘Bridge Fuel’ Myth: Why Gas Is Not Clean, Cheap, or Necessary
This report unpacks and debunks the enduring myth that gas can form a bridge to a decarbonized future. As the global crisis intensifies while the production and consumption of gas soars, it is clearer than ever that gas is not a solution to the climate crisis.
Climate Denying Trump Administration Rebrands Fossil Fuels as âFreedom Gasâ
The Trump Administration is redoubling its assault on the climate. Part of that is trying to redefine fossil fuels as âmolecules of U.S. freedomâ and âfreedom gas.â
Worldâs Largest Oil Exporter Invests in US Shale Gas
The worldâs largest oil exporter has signalled that it is investing in the worldâs largest shale play. And that can only be further bad news for the climate.
Big News: Oregon says NO to Jordan Cove LNG
Monday, May 6 was a big day in Oregon in the fight against fossil fuels. In a big win for water and our climate, the Oregon Department of Environmental Quality (DEQ) delivered a potentially fatal blow to the Jordan Cove LNG project and the Pacific Connector fracked gas pipeline.
A managed decline of oil and gas production in California?
Hidden in a detailed California budget document released last week was a critical sentence that, if pursued, could mark a major shift in California climate policy.
The UKâs net-zero target must address oil and gas extraction too
The elephant in the room of UK climate policy