Oil Change International response to IEA Ministerial communique

February 14, 2024By nicolePress Releases, Stop Funding Fossils No Comments

“Today’s commitment to make a finance roadmap to limit warming to 1.5°C and ensure a just energy transition is a welcome step, but in order to be useful, the IEA’s new research must continue with strong recommendations to immediately halt finance flowing to fossil fuels, and start recommending dramatically increased public finance on fair terms for renewable energy and energy efficiency.”

Countries make joint statement on shifting fossil fuel subsidies towards renewable energy at COP28

December 9, 2023By nicolePress Releases, Stop Funding Fossils

“Today’s announcement from the Netherlands, United Kingdom, Canada and many of their peers is a disappointment. At a time when we need rich country leaders to concretely expand their past ambition to secure a fair deal, these ministers are just regurgitating promises and initiatives that are now more than a decade old and have been so ineffective that fossil fuel handouts and profits continue to reach record levels.”

Oil Change International responds to mixed bag at COP28 Finance Day outcomes

December 4, 2023By nicolePress Releases, Stop Funding Fossils

Today was Finance Day at the UN climate talks in Dubai, with a mixed bag of outcomes according to Oil Change International campaigners. Multilateral development bank representatives met with the COP28 Presidency, and failed to show progress in redirecting much needed finance for a just energy transition, while export credit agencies indicate a significant drop in fossil fuel support. 

Pikachu-clad activists at COP28 call on Japan to end financing for fossil fuels

December 4, 2023By Valentina StacklAsia, Press Releases, Stop Funding Fossils 1 Comment

A global coalition of civil society groups organized a demonstration at the COP28 climate negotiations in UAE on “Finance Day” to demand that the Japanese government stop financing new fossil fuel projects and shift support to renewable energy. The action featured activists wearing inflatable Pikachu costumes and a slogan calling on Japan to say #SayonaraFossilFuels.