Oil Change International responds to new countries joining Beyond Oil and Gas Alliance & global south transition grant at COP28

December 5, 2023By nicoleGlobal Policy, Press Releases 1 Comment

“As COP28 negotiations for a full phase out of fossil fuels progress, today’s announcements show that fossil fuel phaseout is not a pipe dream: new and existing members of the Beyond Oil and Gas Alliance show it is possible and urgent to take the right steps to keep oil and gas in the ground and support a global phase out of fossil fuel production.”

Draft Global Stocktake presents historic opportunity to secure fossil fuel phaseout agreement

December 5, 2023By nicoleGlobal Policy, Press Releases No Comments

“Global leaders have to deliver a full package. We will not accept weak outcomes only on coal or renewables, and without addressing the primary driver of the climate crisis, fossil fuels. We need countries to reach an agreement that includes a just and equitable phase out of all fossil fuels, with rich countries agreeing to phase out fastest, as well as a rapid phase in of renewables, a doubling of energy efficiency, and rich countries agreeing to redirect trillions in finance from fossil fuel industry handouts  to support the transition in the form of grants, not loans.”

New report reveals Norwegian Oil Fund as Europe’s largest institutional investor in coal despite claiming to be a global climate leader

April 26, 2023By Oil Change InternationalGlobal Policy, Press Releases

A new report by ActionAid Denmark, Urgewald, Oil Change International, Greenpeace Norway, the Norwegian Forum for Development and Environment and Future in our hands, has exposed the truth behind the Norwegian Oil Fund’s commitment to exit coal, revealing the fund still has billions of US dollars invested in the polluting industry, making it Europe’s largest institutional investor in coal.