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 OCI TeamGlobal 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. 

Environmental groups warn MEPs about US certified gas before locking in dangerous, long-term methane gas import contracts

April 26, 2023By Valentina StacklFossil Gas, Press Releases 2 Comments

Washington, DC – As the European Parliament discusses new rules to tackle methane emissions in the energy sector, a new report by Oil Change International and Earthworks warns that U.S. certified gas schemes will put the EU’s methane emissions reduction goals at risk and undermine EU climate goals that will only be attained by a … Read More

Japan-hosted G7 Ministers falsely claim they have ended fossil fuel finance, leave door open to gas investments

April 15, 2023By Valentina StacklBlog Post, Press Releases 1 Comment

Today, G7 Climate, Energy and Environment Ministers issued a communique ahead of next month’s G7 Leaders Summit that leaves the door open for investments in new capacity and endorses fossil fuel-based technologies promoted by Japan, this year’s G7 host. This contradicts the International Energy Agency’s (IEA) most recent G7 analysis.

New Report: Canadian Bank RBC the #1 Financier of Fossil Fuels, World’s Biggest Banks Continued to Pour Billions into Fossil Fuel Expansion

April 13, 2023By OCI TeamFeatured, News, Press Releases 1 Comment

In the seven years since the Paris Agreement was adopted, the world’s 60 largest private banks financed fossil fuels with USD $5.5 trillion. The report lays bare the shocking fact that even as fossil fuel companies made $4 trillion in profits in 2022, banks still provided $673 billion in financing. Remarkably, this happened while oil majors like Exxon Mobil and Shell PLC asked for $0 financing from banks in 2022.