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Stop Funding Fossils

Spain’s export credit agency restricts fossil fuel finance, but leaves major gas loopholes

January 23, 2023By Adam McGibbonNews, Press Releases, Stop Funding Fossils No Comments

Policy falls short of a major pledge Spain made at the 2021 COP26 UN climate summit to stop financing fossil fuel projects.

Blocking a Carbon Bomb: Tiwi Islanders prevent $4.7 billion Barossa offshore gas project in Australia

December 14, 2022By OCI TeamBlog Post, Stop Funding Fossils

In a landmark decision, the Federal Court of Australia ruled that Santos Ltd, one of the world’s top 20 largest oil and gas companies, would not be allowed to drill in the Barossa gas fields off the coast of northern Australia, solidifying legal victory for the Tiwi Islander Plaintiffs.

New Zealand implements policy to live up to commitment to end international fossil fuel finance raising pressure on Australia to follow suit

December 9, 2022By nicolePress Releases, Stop Funding Fossils

Aotearoa New Zealand has released a new policy to live up to its 2021 COP26 UN climate summit commitment to end international finance for fossil fuels, including oil and gas, by the end of 2022.

Revealed: German Government considering 10 large international fossil fuel projects worth EUR 1 billion, despite major climate pledge

December 7, 2022By Adam McGibbonPress Releases, Stop Funding Fossils

New figures show that despite pledging to end its international public finance for fossil fuels by the end of 2022, the German Government is considering finance for ten major fossil fuel projects located all over the world.

COP27 attendees say countries must keep their ‘Stop Funding Fossils’ promise, or lose credibility

November 17, 2022By Adam McGibbonBlog Post, Stop Funding Fossils 1 Comment

At COP27, with just a month to go until the deadline, attendees called on countries to keep their Glasgow Statement pledge to stop public finance for fossil fuels.

Germany Fails to Lead at E3F Summit and Threatens Decades of Fossil Fuel Lock-In

November 4, 2022By LauriePress Releases, Stop Funding Fossils

Rather than building momentum towards COP27 through delivering strong policies and a harmonized approach to implementing the collective promise to end international public finance for fossil fuels by the end of 2022, the Summit was overshadowed by backsliding.

The Netherlands breaks major climate promise to end public financing for international fossil fuel projects

November 3, 2022By Adam McGibbonBlog Post, Press Releases, Stop Funding Fossils

A week before the international climate summit in Egypt, the Dutch Government breaks a major climate promise it made last year to end public financing for international fossil fuel projects.

Pressure grows on World Bank boss to quit over funding of climate chaos

October 17, 2022By Andy RowellBlog Post, News, Stop Funding Fossils

Last week, civil society advocates from across the world convened outside the Washington DC headquarters of the World Bank to protest the Bank’s highly controversial financing of deadly fossil fuel projects.

Activists pressure governments to keep their promise to end public fossil finance ahead of COP27 deadline

October 7, 2022By OCI TeamPress Releases, Stop Funding Fossils 2 Comments

Campaigners around the world take action to urge leaders to deliver on their pledge to fully shift international public finance from fossil fuels to clean energy ahead of the COP27 deadline.

Leaders & Laggards: Tracking implementation of the COP26 commitment to end international public finance for fossil fuels by the end of 2022

October 7, 2022By OCI TeamBriefings, Stop Funding Fossils

With just a month left for leaders to keep their #StopFundingFossils promise, this briefing shows that while a number of signatories are on track or getting on track to put an end to their financing for fossil fuel projects abroad by the end of this year, others are dragging their feet. 

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