The Netherlands just contradicted its COP26 pledge to end public finance for fossil fuels by the end of 2022 and shift this money to clean energy by issuing a commitment to insure the Brazil Santos Basin Pre-Salt Pole oil and gas production project for around USD 321 million.
Italy breaks climate promise to end public financing for international fossil fuel projects, publishing ‘worst-in-class’ climate policy
Italy breaks climate promise to end public financing for international fossil fuel projects, publishing ‘worst-in-class’ climate policy Italy publishes policy that continues investments in new fossil fuel projects, breaking commitment made at 2021 UN COP26 climate summit. Policy denies climate science and fossil fuel phase-out trajectories presented by the IPCC on the same day Civil … Read More
IPCC’s Report Raises the Alarms to Code Red
Today, the IPCC released its last report under the Sixth Assessment Cycle after approval by government delegates in Interlaken. The Synthesis Report covers the major findings from the last three Assessment reports and the Special Reports, and provides a comprehensive scientific framework for understanding the climate crisis and solutions to it. In response, Romain Ioualalen, … Read More
Last Chance Alliance: California Issues Hundreds of Neighborhood Oil Drilling Permits in Blow to Environmental Justice
Climate justice advocates expressed outrage at California state oil regulator CalGEM over the recent approval of hundreds of oil and gas rework permits to continue dangerous oil operations within 3,200 feet of communities.
Block of 6 Pacific countries commit to spearhead global fossil fuel phase-out effort
Today, Pacific Island governments committed to create a “Fossil Fuel Free Pacific” and called for all countries to join them in managing a global, equitable, and unqualified phase out of coal, oil and gas.
New report: Commitment to end international finance for fossil fuels is shifting billions, but key countries breaking promises missing in action
Promise Breakers, a report released today by Oil Change International, reveals that the stop funding fossils commitment forged at COP26, is already shifting an estimated USD 5.7 billion per year out of fossil fuels and into clean energy, with the potential of a further 13.7 billion per year if all signatories fulfill their commitments.
OECD fails to make progress on aligning with 1.5°C, stalling urgent climate action for over 6 months
FOR IMMEDIATE RELEASE March 14, 2023 Contact: Nina Pusic, email@example.com OECD fails to make progress on aligning with 1.5°C, stalling urgent climate action for over 6 months Last week, OECD countries failed to conclude negotiations on climate friendly incentives to align Export Credit Agencies, the world’s largest international financiers of fossil fuels, with international climate … Read More
Response: Oil Change Int’l Condemns Biden Approval of Willow Oil Project
Approving ConocoPhillips’ dirty and dangerous Willow Project is a tremendous strike against President Biden’s legacy on both climate and environmental justice. The Willow project would be a colossal source of climate pollution, emitting a whopping 278 million metric tons over the next three decades — equivalent to the annual emissions of one-third of all remaining U.S. coal plants.
Response: New Carbon Capture Subsidy Bill Would Prolong Fossil Fuel Industry’s Power
“CCUS is a dangerous distraction from rapidly and equitably phasing out fossil fuels. Giving more public money to prolong Big Oil’s political power and profits is the wrong approach and a poor use of public funds,” said Collin Rees.
Over 175 organizations launch proposal for the OECD to end export finance support for oil and gas
175+ organizations call on the OECD to end oil and gas finance. As a first step towards this objective, an OECD member must table a proposal to prohibit oil and gas support at next week’s OECD meeting.