Countries make joint statement on shifting fossil fuel subsidies towards renewable energy at COP28

December 9, 2023By nicolePress Releases, Stop Funding Fossils

“Today’s announcement from the Netherlands, United Kingdom, Canada and many of their peers is a disappointment. At a time when we need rich country leaders to concretely expand their past ambition to secure a fair deal, these ministers are just regurgitating promises and initiatives that are now more than a decade old and have been so ineffective that fossil fuel handouts and profits continue to reach record levels.”

Reaction to the latest GST draft at COP28

December 8, 2023By Valentina StacklPress Releases 2 Comments

The latest GST text shows we have never been closer to an agreement on a fossil fuel phaseout. But, what that transition will look like will be a fierce battle over the next few days. We are alarmed about some of the options in this text that seem to carve out large loopholes for the fossil fuel industry.