Sumitomo Mitsui Financial Group announced it will “in principle” not finance any new coal power projects, while advocates in California called on the bank to apply those restrictions to all new coal infrastructure and drop plans to finance a widely opposed coal export terminal.
Press Releases
Statement: IEA forgets about climate crisis, prioritises return to ‘normal’ in oil report
The only path to climate stability is for governments to manage a stable decline in oil while investing in a just transition for workers and currently fossil-fuel dependent communities.
Experts React to Impending G20, OPEC+ Statement
In anticipation of yet another announcement released by the G20 and OPEC+ today, experts at Oil Change International have issued the following statements.
Stop the Money Pipeline: Private Banks Owning Oil Companies Is a Recipe for Disaster
“Allowing private banks to start an unholy marriage with bankrupt fossil fuel companies would be a catastrophic mistake for communities and climate,” said Collin Rees
Response to OPEC+ Deal on COVID-19 Production Cuts
In response to the apparent deal struck today by major oil producers for deep output cuts to end the price war, and in anticipation of the G20 meetings tomorrow, experts at Oil Change International have issued the following statements.
200 Groups Call for Moratorium on Pipeline Construction during COVID-19
A letter from over 200 organizations calls for a moratorium on construction of natural gas pipelines and LNG export facilities during the COVID-19 public health crisis.
Climate Action Network Members React to COP26 Postponement
The COP26 bureau and United Nations Framework Convention on Climate Change have announced the postponement of the Bonn intersessional and COP26 climate negotiations to 2021.
Groups Demand Immediate Halt to All Keystone XL Activity amid Coronavirus Emergency
A broad coalition of Indigenous, landowner, environmental, and conservation groups called on TC Energy to immediately halt all activity on its Keystone XL pipeline project due to the coronavirus public health threat.
Response to Keystone XL subsidy announcement from Alberta
Today, the Government of Alberta announced that it would support TC Energy’s Keystone XL oil pipeline, with a direct investment of more than USD 1 billion.
Response: Export Development Canada changes in the Emergency Response Act could amount to a giant oil bailout
The new measures allow for an unlimited amount of public finance to flow to Canada’s oil and gas sector at the sole discretion of the Minister of Finance.