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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.
FOR IMMEDIATE RELEASE
26 November 2013
Contact: Stephen Kretzmann, steve [at] priceofoil [dot] org
New Oil Change International interactive graphic shows growing fossil fuel reserves in contrast to shrinking global carbon budget
WASHINGTON, DC – New analysis by Oil Change International shows that global fossil fuel reserves continue to expand while the Intergovernmental Panel on Climate Change and other scientific and industry analysts repeatedly show that our remaining budget for burning fossil fuels has shrunk to less than one third of existing reserves.
The Oil Change analysis shows that fossil fuel companies gained access to more than twice as much in fossil fuels as they produced
New analysis by Oil Change International, in partnership with Berks Gas Truth, released today shows that, since 2006, the fossil fuel industry has provided over $4.4 million in direct campaign contributions to members of the state legislature in Pennsylvania.
A report released today by Oil Change International exposes the increasing desire of U.S. oil producers to export American crude oil despite only producing around 50% of U.S. demand. The move would enable oil producers to charge American refiners higher international prices for American crude.
A new report released today exposes a largely unaccounted for subsidy to the fossil fuel industry, valued at roughly $4 billion per year and growing.
Oil Change International applauds President Obama today for his show of leadership on climate change. By recognizing that “we can't just drill our way out of the energy and climate challenge that we face” the President has firmly put our nation’s commitment to our future and our children above the profits of the fossil fuel industry.