Italy breaks climate promise to end public financing for international fossil fuel projects, publishing ‘worst-in-class’ climate policy

March 21, 2023By Valentina StacklPress Releases, Stop Funding Fossils No Comments

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

March 20, 2023By Valentina StacklFeatured, Press Releases No Comments

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

New report: Commitment to end international finance for fossil fuels is shifting billions, but key countries breaking promises missing in action

March 15, 2023By OCI TeamBlog Post, Press Releases, Stop Funding Fossils No Comments

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

March 14, 2023By Nina PusicPress Releases, Stop Funding Fossils No Comments

FOR IMMEDIATE RELEASE  March 14, 2023 Contact: Nina Pusic, nina@priceofoil.org  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

March 13, 2023By OCI TeamFeatured, Press Releases 3 Comments

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.