Both nominees and Senators alike appeared oblivious to the fact that gas is as dirty as coal and that significantly increasing gas reliance through new pipelines and liquefied natural gas export facilities is incompatible with a stable climate.
Despite vocal commitments to help tackle climate change, six key multilateral banks (MDBs) financed over $7 billion in coal, oil, and gas projects in 2015, and funded a total of $83 billion in fossil fuels from 2008-2015.
The U.S. government is providing extensive support for fossil fuel production on public lands and waters offshore, through a combination of direct subsidies, enforcement loopholes, lax royalty collection, stagnant lease rates, and other advantages to the industry, a new report released today finds.
Residents of Virginia and West Virginia opened up a new front today in their fight to stop the 301-mile Mountain Valley Pipeline: targeting the major U.S. ‘main street’ banks on tap to finance the fracked-gas project’s $3.5 billion price tag. The banks are identified in a new analysis released today by Oil Change International that examines how the pipeline will be financed.
Community activists and organizations sent a letter to the Federal Energy Regulatory Commission (FERC) today, signed by 118 groups, demanding the agency halt all construction of the Rover gas pipeline, and to embark upon an extensive review of its approval policies.
“Canada’s Auditor General revealed today that 8 years after the government promised to phase out fossil subsidies, there is still no game plan to do so,” said Oil Change International’s Alex Doukas in a statement released today.
In response, Lorne Stockman, Senior Research Analyst at Oil Change International released the following statement:
Our new analysis finds that the controversial PennEast Pipeline for fracked gas could contribute as much greenhouse gas pollution as 14 coal-fired power plants or 10 million passenger vehicles.
Today, Donald Trump signed a number of executive orders related to climate policy. In response, Janet Redman, U.S. Policy Director of Oil Change International released the following statement.
“Keystone XL has been seen as inevitable before, but we persisted and won. This isn’t game over, it’s game on. Now we have a President who is deeply beholden to the oil industry and will do anything they ask, so this approval is no surprise.”