A new report exposes the huge financial risks behind three major Canadian tar sands pipeline project proposals: Kinder Morgan’s Trans Mountain Expansion, TransCanada’s Keystone XL and Enbridge’s Line 3 expansion.
Resources
Expanding Subsidies for CO2-Enhanced Oil Recovery: A Net Loss for Communities, Taxpayers, and the Climate
This analysis explores the oil production, carbon emissions, and taxpayer cost implications of the proposed changes to Section 45Q in the U.S. tax code in S.1535 and H.R.3761.
Financing Climate Disaster: How Export Credit Agencies Are a Boon for Oil and Gas
The U.S. Export-Import Bank (USEXIM) is the third-largest supporter of fossil fuels among all G20 countries, according to a new report out today from Oil Change International, Friends of the Earth U.S., and WWF’s European Policy Office.
Cross Purposes: After Paris, Multilateral Development Banks Still Funding Billions in Fossil Fuels
A new report shows how multilateral development banks, including the World Bank, gave over $9 billion in funding for fossil fuel projects in 2016, nearly all of it following the Paris Agreement being reached and despite claims that they were acting on climate and adjusting their investment strategies.
Dirty Energy Dominance: Dependent on Denial – How the U.S. Fossil Fuel Industry Depends on Subsidies and Climate Denial
A new report by Oil Change International reveals that U.S. taxpayers continue to foot the bill for more than $20 billion in fossil fuel subsidies each year. Every dollar spent subsidizing this industry takes us further away from achieving internationally agreed emissions goals, and maintaining a stable climate.
Art of the Self-Deal: How Regulatory Failure Lets Gas Pipeline Companies Fabricate Need and Fleece Ratepayers
A new report released by Oil Change International, Public Citizen, and the Sierra Club examines how a new wave of gas pipeline construction threatens to shunt serious risks and costs on to utility ratepayers.
Saudi Aramco’s IPO: A Test of whether Investors Are Serious about Climate
Download the briefing – Overheated Expectations: Valuing Saudi Aramco’s IPO in light of climate change Written and researched by Greg Muttitt and Hannah McKinnon. See Financial Times article on our report. Coming two years after the Paris Agreement, the initial public offering (IPO) of Saudi Aramco will be strongly shaped by climate change. Most analysts believe … Read More
The Sky’s Limit Norway: Why Norway Should Lead the Way in a Managed Decline of Oil and Gas Extraction
A new study released by Oil Change International, examines the role of Norwegian oil and gas production in a Paris-aligned global carbon budget.
Dirty Distraction: The Energy and Natural Resources Act of 2017 (S.1460)
The Energy and Natural Resources Act of 2017 (S.1460) would pave the way for fossil fuel expansion, locking in decades of dirty energy and undermining the necessary clean energy transition.
Talk is Cheap: How G20 Governments are Financing Climate Disaster
Each year, G20 countries provide nearly four times more public finance to fossil fuels than to clean energy. In total, public fossil fuel financing from G20 countries averaged some $71.8 billion per year, for a total of $215.3 billion in sweetheart deals for oil, gas, and coal over the 2013-2015 timeframe covered by the report. Fifty percent of all G20 public finance for energy supported oil and gas production alone.