Twelve of the largest central banks around the globe continue to support climate chaos-causing fossil fuels through policy and direct finance, a new report released today finds. Ahead of an annual convening of central bankers in Jackson Hole, Wyoming later this week, the analysis strikes a critical contrast to promises in recent months by the same central banks to align their operations with climate goals.
Press Releases
Reaction to new U.S. Fossil Fuel Energy Guidance for Multilateral Development Banks
Today, the U.S. Treasury Department released updated fossil fuel energy guidance for the multilateral development banks (MDBs). Oil Change International experts responded.
Oil Change International response to Biden White House OPEC announcement
The Biden White House released a statement from National Security Advisor Jake Sullivan urging OPEC to increase oil production; Oil Change International experts responded.
Civil society organizations react to Export Development Canada’s new climate targets
Today, Canada’s export bank, Export Development Canada (EDC), released new climate targets.
Over 500 Groups Call on U.S., Canadian Leaders to Reject Carbon Capture & Storage
More than 500 organizations called on policymakers in the U.S. and Canada to reject Carbon Capture and Storage (CCS) as a dangerous distraction and to end the “carbon capture of climate policy.”
Over 500 Groups Call on Congress to End Fossil Fuel Subsidies with Letter, Rally, Petitions in Week of Action
Over 500 organizations, including a wide range of health, faith, environmental, and other groups across the United States released a letter today calling on Congressional leadership to eliminate the fossil fuel subsidies embedded in the U.S. tax code.
Civil society organizations react to World Bank Climate Change Action Plan’s failure to end finance for fossil fuels
The plan leaves the door open for new gas finance and keeps existing loopholes for continued support for all fossil fuels.
Response to Minnesota Court of Appeals Ruling on Line 3
“Every day President Biden refuses to stop the Line 3 pipeline is a slap in the face to Indigenous and environmental justice communities. Climate leadership means ending the fossil fuel era and stopping Line 3.”
Oil Change International calls out G7 failure to end all fossil fuel finance
The G7 has now fallen squarely behind what leading economists, energy analysts, and global civil society has shown is required: an end to public finance for all fossil fuels. Our climate cannot afford further delay, and the failure of the G7 to heed these demands means more people impacted by the ravages of our climate chaos.
OCI responds to TC Energy abandoning Keystone XL
TC Energy just confirmed what we already knew but it’s a thrilling reality all the same — the Keystone XL pipeline is no more and never will be. This is yet another huge moment in an historic effort.