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

March 3, 2022By Oil Change InternationalFeatured, 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.

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

November 3, 2021By Oil Change InternationalEnergy 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.

The Sky’s Limit Africa: The Case for a Just Energy Transition from Fossil Fuel Production in Africa

October 14, 2021By Oil Change InternationalAfrica, Featured, Reports, Resources 1 Comment

The Sky’s Limit Africa assesses fossil fuel industry plans to sink USD $230 billion into the development of new extraction projects in Africa in the next decade — and USD $1.4 trillion by 2050. It finds these projects are not compatible with a safe climate future and that they are at risk of becoming stranded assets that leave behind unfunded clean-up, shortfalls of government revenue, and overnight job losses.

Report: Indigenous Resistance Against Carbon

August 31, 2021By Oil Change InternationalFeatured, Reports, Stopping Carbon Lock-In

The report highlights and analyzes 26 Indigenous frontline struggles in the past decade against a variety of fossil fuel projects across Turtle Island over all stages of the fossil fuel development chain. Our analysis reveals that Indigenous resistance to carbon over the past decade has stopped projects equivalent to 400 new coal-fired power plants, or roughly 345 million new passenger vehicles. Additionally, Indigenous resistance has helped shift public debate around fossil fuels and Indigenous Rights, while averting lock-in of carbon-intensive projects.

Unused Tools: How Central Banks Are Fueling the Climate Crisis

August 24, 2021By Oil Change InternationalEnergy Transitions & Futures, Reports, Resources 3 Comments

There is growing recognition that central banks must act to confront the climate crisis. They have the tools to catalyze and accelerate the end of financing for fossil fuels – through monetary policy, regulatory action, and excluding fossil fuel assets from their own portfolios. But, with only limited exceptions, they are not using these tools. This report identifies 10 criteria for assessing central banks against the Paris Agreement’s objective, and applies them to assess 12 major central banks.