Governments have spent over $20 billion – and have approved up to $200 billion more – of public money on carbon capture and storage (CCS), providing a lifeline for the fossil fuel industry.
79% of operating carbon capture capacity globally sends captured CO2 to produce more oil (via Enhanced Oil Recovery).
Many of the largest CCS projects in the world overpromise and under-deliver, operating far below capacity.
Oil and gas companies, and some governments, are more interested in looking like they are acting on climate change than actually acting on climate change. They spend billions on smoke and mirrors, such as:
“carbon capture and storage”,
“certified gas”, and
ammonia co-firing, and hydrogen,
to make us believe that they are coming up with solutions for a livable planet when, in reality, they are trying to build escape hatches to suck every last ounce of profit out of their dirty fossil fuel business. These companies and their lobbyists are counting on adding loopholes in the final UN Climate Change Conference
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Despite the urgent need to phase out fossil fuels, Japan is driving the expansion of liquified gas (LNG) and other fossil-based technologies like ammonia co-firing across Asia and globally. This will worsen the climate crisis and harm communities and ecosystems. Communities and movements are rising up – particularly in the Global South – to oppose Japan’s efforts to derail the transition to renewable-based energy systems.
The Japanese government is the world’s second-largest provider of international public finance for fossil fuels and the world’s largest provider of international public finance for gas. Japan has continued financing international fossil fuel projects this year, breaking
A new report analyzes how the Inflation Reduction Act fails to reduce fossil fuel production or alleviate impact on environmental justice communities, and that current policies will instead lead to a deadly increase in oil and gas production and exports.
A new report commissioned by Oil Change International attempts to map out the potential influence that oil and gas interests may have on other influential stakeholders in Norway.
New Oil Change International research shows that only 20 countries, led overwhelmingly by the United States, are responsible for nearly 90 percent of the carbon-dioxide (CO2) pollution threatened by new oil and gas fields and fracking wells planned between 2023 and 2050. If this oil and gas expansion is allowed to proceed, it would lock in climate chaos and an unlivable future.
This briefing, titled, Norway’s Electrification of Melkøya Gas Plant: The Perfect Storm of Climate Injustice, reveals not only the project's disastrous climate implications for the Norway and the Arctic, but also the human rights violations in the decades-long governmental oppression of the Indigenous Sámi people and their ancestral lands.
Two weeks before global leaders gather for the UN Climate Ambition Summit in New York, new analysis by Oil Change International shows that several major countries continue to pump $4.4 billion in public finance into international fossil fuel projects despite committing to end this support by the end of 2022.
This new analysis, an update to the data in our landmark Sky's Limit series, finds that the majority of the fossil fuel reserves within active fields and mines must now stay in the ground. Using updated 2023 data, the proportion of coal, oil, and gas reserves that must remain unextracted to meet the 1.5°C limit has increased from nearly 40% in 2018 to almost 60% in 2023.
US non-profit Ceres has produced a paper aimed at explaining actions that oil and gas exploration and production companies (E&Ps) can take to reduce their emissions. It is also supposed to provide useful information on climate alignment to the sector’s investors and bankers.
The paper suffers from a number of alarming weaknesses which threaten to reverse progress on setting standards for net-zero finance. Consequently, Reclaim Finance, Oil Change International, urgewald, CIEL, and Stand.Earth have jointly published this analysis in response.