World Bank Group finance for projects that included fossil fuel exploration was highest in FY2013, at nearly $1 billion out of $2.7 billion total for fossil fuel projects in 2013.
Research & Opinions
Kerry’s State Department Ignored Obama’s Climate Action Plan
In 2009, President Obama made a commitment to reduce U.S. greenhouse gases by 17 percent by 2020. The Obama administration put this forward as the U.S. share of a global effort to limit climate change to no more than two degrees Celsius – the target scientists tell us may be safe. Achieving this target, which … Read More
Coal cash, climate denial, fuels Citizens United 2
Alabama coal baron and conservative activist Shaun McCutcheon doesn’t feel that $123,200 buys him enough influence in DC. He wants a Citizens United 2.
Oil’s new supply boom is a bust for the climate
What if you knew that smoking that one last packet of cigarettes was going to give you cancer? Imagine if our understanding of cancer was so precise as to allow doctors to predict with virtual certainty that smoking that particular pack, which you just picked up at the corner store, would definitely be the last … Read More
Report: Phasing Out Fossil-Fuel Subsidies in the G20: A Progress Update
In our second review of progress in meeting this phase out commitment we conclude that the G20 effort is currently failing.
Report – Low Hanging Fruit: Fossil Fuel Subsidies, Climate Finance, and Sustainable Development
Our latest report finds that global fossil fuel production and consumption subsidies are at least $775 billion annually and could be $1 trillion or even more. There is an urgent need for transparency in subsidy reporting.
Keystone XL Gas Price Myth Busted
This report finds that Keystone XL would reduce gasoline supplies in America by diverting Canadian tar sands crude from the Midwest to the Gulf Coast, blowing apart the tar sands industry’s claims that building the Keystone XL pipeline would lower gasoline prices in America.
Irrational Exemption: Tar sands pipeline subsidies and why they must end
This briefing finds that the transport of tar sands oil through pipelines in the United States is exempt from payments into the Oil Spill Liability Trust Fund, which creates a free ride worth over $375 million to tar sands oil producers between 2010 and 2017.
Dirty Energy Money pouring into Congress faster than ever before
Members of Congress have taken almost $16 million from the oil, gas and coal industries so far in this 112th Congress. That puts this Congress on track to be the dirtiest ever. The information comes to light as part of the latest update of DirtyEnergyMoney.com, a project of Oil Change International which uniquely refines and … Read More
Keystone refineries on export overdrive
In the last quarter of 2011, the majority (51%) of the two prime transport fuels produced in Port Arthur and Houston area refineries went to export markets, including 73% of gasoline and 40% of diesel.