President Biden’s choice of Ajay Banga is disappointing. This moment demands a World Bank leader who will prioritize the urgency of the climate crisis, not another Big Business executive with no experience in development, environmental work, or the public sector.
OCI Statement on the Fossil Fuel Dimensions of Russia’s Invasion of Ukraine
Russia’s invasion of Ukraine one year ago is a wake-up call to stop dependence on unstable and war-driven fossil fuels, and instead transition to reliable renewable energy. Oil companies are both fueling and profiting from this crisis, while the rest of the world has suffered dire consequences.
Response: Malpass departure must be the start of a fossil free World Bank
“Despite Malpass’s departure, the World Bank Group still funds more fossil fuels than any other multilateral development bank. Ending this support must be top priority ahead of the Bank’s Spring Meetings,” said Tucker.
NGOs demand end to Congo oil auction after leak of secret trade-off deal
A coalition of civil society groups have called for the immediate cancellation of a massive oil and gas auction in the Democratic Republic of Congo (DRC) following news of a secret deal between Oil Minister Didier Budimbu, Nigerian gambling tycoon Chukwuma Ayodeji Ojuroye, and US consultancy GeoSigmoid.
Spain’s export credit agency restricts fossil fuel finance, but leaves major gas loopholes
Policy falls short of a major pledge Spain made at the 2021 COP26 UN climate summit to stop financing fossil fuel projects.
UAE announces head of national oil company to lead COP28 climate talks, endangering climate goals civil society warns
Today, the United Arab Emirates launched its COP28 presidency and placed the chief of the Abu Dhabi National Oil Company (ADNOC) at the head of this year’s climate talks, amid deep civil society apprehension of this major conflict of interest.
Three Strikes and You’re Out: Manchin’s Dirty Deal goes down in flames a third time
“The Senate’s rejection of this dangerous bill is a resounding victory for environmental justice communities and the climate,” said Rees.
New Zealand implements policy to live up to commitment to end international fossil fuel finance raising pressure on Australia to follow suit
Aotearoa New Zealand has released a new policy to live up to its 2021 COP26 UN climate summit commitment to end international finance for fossil fuels, including oil and gas, by the end of 2022.
Canada delivers on climate promise, takes significant step towards ending public fossil finance
Today the Government of Canada released a plan to end new public finance for fossil fuels abroad and instead prioritize clean energy projects.
Response: Manchin’s newest dirty deal text is even worse than earlier versions – and we’ll stop it too
“Fast-tracking giveaways to the fossil fuel industry is the opposite of climate leadership, and we won’t stop fighting to protect our communities and the climate,” said Collin Rees.