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Valentina Stackl
Email: press@priceofoil.org
Who we are:
Oil Change International is a research, communication, and advocacy organization focused on exposing the true costs of fossil fuels and facilitating the coming transition towards clean energy.
PRESS RELEASES

Promise Breakers, a report released today by Oil Change International, reveals that the stop funding fossils commitment forged at COP26, is already shifting an estimated USD 5.7 billion per year out of fossil fuels and into clean energy, with the potential of a further 13.7 billion per year if all signatories fulfill their commitments.

FOR IMMEDIATE RELEASE 

March 14, 2023

Contact:

Nina Pusic, nina@priceofoil.org 

OECD fails to make progress on aligning with 1.5°C, stalling urgent climate action for over 6 months 

Last week, OECD countries failed to conclude negotiations on climate friendly incentives to align Export Credit Agencies, the world’s largest international financiers of fossil fuels, with international climate goals. They also neglected taking commitments to end oil and gas export finance forward. 

Governed by the OECD, Export Credit Agencies (ECAs) provide more public finance for fossil fuel projects than any other type of public finance institution, including the Multilateral Development Banks. ECA finance for fossil fuels is over

Approving ConocoPhillips’ dirty and dangerous Willow Project is a tremendous strike against President Biden’s legacy on both climate and environmental justice. The Willow project would be a colossal source of climate pollution, emitting a whopping 278 million metric tons over the next three decades — equivalent to the annual emissions of one-third of all remaining U.S. coal plants.

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