Locked Out of a Just Transition: Fossil Fuel Financing in Africa

March 3, 2022By OCI TeamFeatured, Reports, Stopping Carbon Lock-In

Between 2016, following the adoption of the Paris Climate Agreement, and June 2021, public and private financial institutions poured at least $132 billion in lending and underwriting into 964 gas, oil and coal projects in West, East, Central and Southern Africa. The vast majority of this finance came from financial institutions based outside Africa, both commercial banks and public institutions such as development banks and Export Credit Agencies.

Zeroing In: A guide for the finance sector on the IEA’s Net Zero Emissions scenario and its implications for oil and gas finance

February 9, 2022By David TongBriefings, Energy Transitions & Futures, News, Resources 2 Comments

This briefing gives financial institutions an overview of the IEA’s first 1.5°C-aligned scenario and what it means for oil and gas. We show that the IEA’s conclusion about ending new oil and gas field development is not a product of scenario design; it’s the arithmetic of 1.5°C.

MVP’s Attacks Fall Flat: Our Response to Mountain Valley Pipeline, LLC Filed in the FERC Docket

December 8, 2021By Kyle GraceyFossil Gas, Letters, Resources, Stopping Carbon Lock-In

Mountain Valley Pipeline, LLC’s (MVP) attacks on our greenhouse gas methodology are not aligned with the best available science. In fact, the operation of the Mountain Valley Pipeline would contribute significant greenhouse gas pollution, and our methodology for assessing its climate impacts is sound. That’s the conclusion of a letter filed by Oil Change International to the Federal Energy Regulatory Commission’s (FERC) docket for the Mountain Valley Pipeline Project.

Asia Gas Factsheet #2: Gas Is A Bad Deal For Asia

November 18, 2021By OCI TeamAsia, Briefings, Factsheets, Fossil Gas, Resources

Asia is one of the few remaining growth markets for gas. The fossil fuel industry and its proponents are pushing to develop $379 billion of gas terminals, pipelines and power plants in Asia over the next decade. Roughly three-quarters of all Liquified Natural Gas (LNG) import terminals in development globally are planned for Asia. This aggressive buildout ignores a simple truth.

Canada’s Big Oil Reality Check: Major oil and gas producers undercut Canada’s commitment to 1.5ºC

November 3, 2021By OCI TeamEnergy Transitions & Futures, Featured, Reports

The assessment by Environmental Defence Canada and Oil Change International assesses eight of Canada’s top oil and gas producers, including Imperial (ExxonMobil) and Shell. It finds they are all on track to increase their oil and gas production in Canada, rather than planning a fair transition away from fossil fuels that are fuelling the climate crisis.