New analysis released today shows that the World Bank Group continues to finance billions of dollars in oil, gas, and coal projects each year, including projects to explore for new fossil fuel reserves.
April 7, 2016 For Immediate Release New pipelines from the Alberta to tidewater would do nothing to help Canada’s oil industry cope with low oil prices. Contrary to assertions made by the Canadian Association of Petroleum Producers today and Natural Resources Minister Carr on Tuesday in interviews, there is no longer a sound economic argument … Read More
The recently released draft five-year plan for offshore oil and gas drilling is predicated on a failure to act on stated climate policy according to a new briefing note released by Oil Change International and Greenpeace USA today.
Today’s budget missed the opportunity to make meaningful cuts to wasteful handouts to some of the wealthiest, most polluting fossil fuel companies on the planet.
We’re hopeful that the Minister Morneau and the Trudeau government will live up to their promises, listen to the many Canadians demanding action, and stop funding fossils.
Response to UK Budget 2016
If the President is serious about his climate legacy, he needs to apply a climate test to all offshore drilling. When he does, he’ll see that offshore fossil fuels fail the climate test.
Dressed in a veneer of concern about climate change, in fact BP’s outlook is a public relations exercise, designed to boost fossil fuels and undermine public faith in clean alternatives. Meanwhile it deflects responsibility to government or to coal companies, to distract from its own extraction of oil and gas.
While a reasonable new fee on oil to fund much needed transportation improvements may be a bridge too far for those who take their marching orders from Big Oil, we hope Congress might finally consider eliminating wasteful government spending in the form of fossil fuel subsidies at the very least.
Today, the Obama Administration released a fact sheet describing a new initiative included in the President’s upcoming budget proposal, which will include a new fee paid by oil companies along with increased investments in new transportation options. Read more for Oil Change International’s response.