A new analysis released today highlights how European Investment Bank (EIB) financing of fossil fuel projects – in particular gas pipelines and LNG terminals – is not compatible with EU climate commitments or the aims of the Paris Agreement.
Press Releases
The devil is in the details: Oil Change International response to reports of IEA movement on a 1.5°C scenario
We’re glad to hear that the IEA is starting to respond to the growing demands from business leaders, government leaders, and civil society members to align its scenarios with Paris. However, the devil is in the details as to whether or not such a scenario from the IEA should earn our applause, and we must withhold judgment until more details are released.
Response to Environmental Audit Committee Report on UK Export Finance
It’s absurd for the UK government to declare a climate emergency while pouring vast sums of taxpayer-backed money into fossil fuel expansion. The Environmental Audit Committee is right to call for serious reform of UK Export Finance.
Groups Deliver Thousands of Minnesotan Petition Signatures Against Enbridge Line 3 to Minnesota State Capitol
Minnesotans and allies gathered at Minnesota Gov. Tim Walz’s office to urge him to stop Enbridge’s Line 3 tar sands pipeline with 17,000+ petitions from nearly 500 Minnesota towns, cities, and municipalities.
New Report Debunks Gas ‘Bridge Fuel’ Myth
A new report debunks the myth that natural gas can be a bridge to a clean, affordable energy future and warns policymakers to “avoid picking gas as the winner” in the transition to clean energy.
Report: UK oil and gas drilling plans incompatible with responding to climate emergency
The UK’s oil and gas drilling plans are incompatible with responding to the climate emergency, according to ‘Sea Change,’ a new report by Platform, Oil Change International, and Friends of the Earth Scotland, published today.
Gov. Newsom recognizes need for a managed decline of fossil fuel supply in California
“California can lead the way by showing what a true managed decline can look like, and we applaud Governor Newsom for his recognition of that imperative.”
Response to Malpass Appointment as World Bank President
While Malpass has promised to maintain the World Bank’s existing commitments on climate change, governments should be extremely wary, said Alex Doukas, of Oil Change International.
Investors Beware: Atlantic Coast Pipeline Faces Multiple Legal, Regulatory Threats
A new briefing for Dominion Energy investors by Oil Change International & Friends of the Earth U.S. breaks down some of the major challenges to the completion of the Atlantic Coast Pipeline, which faces significant financial, legal, and regulatory hurdles.
Report Finds Global Banks Poured $1.9 Trillion into Fossil Fuels since Paris Agreement
A report released today endorsed by over 160 organizations around the world reveals that 33 global banks have provided $1.9 trillion to fossil fuel companies since the adoption of the Paris climate accord.