Thanks for staying in the fight with us!
At Oil Change International we work to expose the true costs of fossil fuels and facilitate the transition to clean energy. Rooted in community solidarity and principled policy analysis, we work within larger movements to build a fossil free future.
We'll continue keeping you up to date with the latest news in the fight against the fossil fuel industry.
LATEST POSTS
The Netherlands just contradicted its COP26 pledge to end public finance for fossil fuels by the end of 2022 and shift this money to clean energy by issuing a commitment to insure the Brazil Santos Basin Pre-Salt Pole oil and gas production project for around USD 321 million.
Yesterday, the message from the world’s leading climate scientists was their most brutal and stark yet. It was unequivocal.
Italy breaks climate promise to end public financing for international fossil fuel projects, publishing ‘worst-in-class’ climate policy
Italy publishes policy that continues investments in new fossil fuel projects, breaking commitment made at 2021 UN COP26 climate summit.
Policy denies climate science and fossil fuel phase-out trajectories presented by the IPCC on the same day
Civil society calls for Italy to be kicked out of international agreement on fossil fuel finance phase-out (the Glasgow Statement)
Dangerous policy for Italy’s SACE export credit agency is by far the worst among group of countries that pledged action at COP26, campaigners say
Action confirms
Today, the IPCC released its last report under the Sixth Assessment Cycle after approval by government delegates in Interlaken. The Synthesis Report covers the major findings from the last three Assessment reports and the Special Reports, and provides a comprehensive scientific framework for understanding the climate crisis and solutions to it. In response, Romain Ioualalen, Global Policy Campaign Manager, Oil Change International, said:
"The IPCC's Synthesis Report once more raises the alarms to code red: we need urgent action on the climate crisis. With nearly 3.6 billion people worldwide highly climate vulnerable, there is no alternative to a rapid fossil fuel
REPORTS & BRIEFINGS
New research shows stop funding fossils commitment forged at the 2021 UN climate summit is already shifting an estimated USD 5.7 billion per year out of fossil fuels and into clean energy. If all signatories fulfill their commitments, then a further 13.7 billion per year will be shifted out of fossil fuels and into clean energy.
This joint position launched by 175 civil society organisations from 45 countries calls on world leaders to end OECD export finance for oil and gas, and explains how it can be done.
New Briefing: Despite pledging to stop international financing for fossil fuel projects by the end of 2022, the Italian Government is continuing to actively consider financing for major international fossil fuel projects that could emit greenhouse gas emissions equivalent to at least 3.5 times Italy’s annual emissions.
The briefing reveals that new oil and gas production approved to date in 2022 and at risk of approval over the next three years could cumulatively lock in 70 billion tonnes (Gt) of new carbon pollution. This is equivalent to almost two years’ worth of global carbon emissions from energy at current levels, 17 percent of the world’s remaining 1.5°C carbon budget, or the lifecycle emissions of 468 coal power plants.