The Biden administration’s claims that the Mountain Valley Pipeline would help Europe or benefit national security — in Europe, in the United States, or anywhere else — are wildly unfounded.
Resources
Big Oil Reality Check 2023 — An Assessment of TotalEnergies, Eni, and Equinor’s Climate Plans
These briefings reveal that Total, Eni, and Equinor are on the cusp of approving a surge of new oil and gas development. If they proceed with all the projects in their anticipated pipeline for 2023, Eni could rank as the world’s third worst oil and gas expander this year and Equinor as the world’s eighth worst by the total volume of new reserves approved for extraction.
Changing the Trade Winds: Aligning OECD Export Finance for energy with climate goals
New research shows that Organisation for Economic Co-operation and Development (OECD) countries supported fossil fuel exports by an average of USD 41 billion from 2018-2020, almost five times more than clean energy exports ($8.5 billion).
Unburnable Carbon in Protected Areas
This new analysis shows that over 47 Gigatonnes of CO2 could be released by extracting and burning fossil fuels from within protected areas.
Certified Disaster: How Project Canary & Gas Certification Are Misleading Gas Markets & Governments
A new report by Oil Change International and Earthworks examines the rapid growth in “certified gas” and exposes on-the-ground failures to detect oil & gas pollution by one of the largest certifiers of methane gas.
Banking on Climate Chaos 2023: Fossil Fuel Finance Report
This report, Banking on Climate Chaos 2023, analyzes fossil fuel financing and policies from the world’s 60 largest commercial and investment banks. We reveal that fossil fuel financing from the world’s 60 largest banks has reached nearly USD $5.5 trillion in the seven years since the adoption of the Paris Agreement, with $673 billion in 2022 alone.
Over 100 Groups Urge Biden Administration to Stop Japan’s G7 Push for LNG Expansion
Over 100 groups sent a letter to Biden Administration officials ahead of this week’s G7 meeting of climate change and environmental ministers urging the United States to resist the Japanese push for increased public investments in LNG.
Briefing: G7 countries can shift billions into clean energy if they strengthen their commitment to end international fossil finance
The new briefing provides preliminary energy finance data for 2022 and shows that not only investments in new fossil fuel infrastructure are incompatible with meeting climate goals, but also that they are not needed for energy security and development goals.
Briefing: Japan’s Toxic Energy Strategy for Asia
This briefing explains how Japan’s “Green Transformation (GX)” policy is a greenwashing exercise designed to benefit corporate interests and prolong the use of fossil fuels when renewable energy solutions are reliable, available, cleaner, and cheaper.
Briefing: G20 government finance enabled 82% of LNG export infrastructure expansion, breaking climate promises
This new briefing shows G20 government institutions were involved in financing 82% of new Liquefied Natural Gas (LNG) export terminal capacity built from 2012-2022, providing at least USD 78 billion in loans, guarantees, and equity investments for new LNG export terminal capacity projects.