Fracking Fiasco: New report names Wells Fargo and JPMorgan Chase as main players funding U.S. shale bust

September 24, 2020By OCI TeamBlog Post, Featured, Press Releases, Stopping Carbon Lock-In

A new report by Oil Change International and Rainforest Action Network (RAN) shows how major banks have continued pouring money into fracking companies in recent years despite numerous warnings that the sector was financially unsustainable — on top of the well-documented environmental, health and climate impacts of the industry.

Briefing: Overseas players should not dominate distributed renewable energy sector in Africa

July 21, 2020By OCI TeamBlog Post, News, Press Releases, Stopping Carbon Lock-In

A new briefing released by Oil Change International details how the growth of distributed renewable energy in Africa has so far failed to include locally-owned companies and initiatives. The sector has been growing rapidly since 2013 — especially for companies focused on “pay-as-you-go” solar home systems — but finance has overwhelmingly only been accessible for multinational companies that are based in Europe or North America or led by entrepreneurs from these regions, meaning profits are largely not remaining in Africa.