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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
Today, the International Energy Agency (IEA) released a new special report on Africa. The 2022 Africa Energy Outlook suggests a potential to increase gas production on the continent to 2030 even in a “sustainable” scenario.
Today G7 climate, energy and environment ministers issued a communique committing to end public finance for fossil fuels by the end of this year.
The report finds the oil and gas majors are involved in over 200 expansion projects on track for approval from 2022 through 2025. If they go forward, these companies’ investments could create an additional 8.6 billion tonnes (Gt) of carbon pollution – equivalent to the lifetime emissions of 77 new coal power plants.
"Big Oil is gouging working families, and it’s critical to hold these companies accountable for their exploitative profiteering," said Collin Rees.
"Voters will reward politicians who stand up for people, not polluters, and taxing windfall profits is wildly popular in every part of the country," said Collin Rees.