UK announces end to overseas fossil fuel finance, now other governments must follow suit

December 12, 2020By Oil Change InternationalFeatured, Press Releases

The United Kingdom’s prime minister, Boris Johnson, will commit to end the UK’s overseas fossil fuel financing “as soon as possible” at the Climate Ambition Summit. The phase-out of oil, gas, and coal financing applies to aid funding, trade promotion and export finance provided by UK Export Finance (UKEF), the institution that has come under scrutiny for its USD 1 billion investment in a controversial LNG project in Mozambique and for considering to finance the equally controversial East African Oil Pipeline.

G20 Recovery Packages Benefit Fossil Fuels More Than Clean Energy

July 15, 2020By Oil Change InternationalBlog Post, Energy Transitions & Futures, Stop Funding Fossils

Decisions taken in response to the COVID-19 crisis today will lock in the world’s development patterns for decades. With policy decisions made on a daily basis, information about how public money is being spent can be hard to follow. That is why a consortium of 14 expert organizations came together to track energy-specific responses by G20 governments.

Oil Change International Response to IEA Sustainable Recovery Report

June 18, 2020By Oil Change InternationalEnergy Transitions & Futures, Press Releases 1 Comment

In response to the new report released today by the International Energy Agency (IEA), experts at Oil Change International have issued the following statement: “The IEA again misses the mark where it matters the most, completely ignoring the link between sustainable recovery and staying within 1.5°C of warming. Nowhere in the report is there mention of the critical 1.5-degree warming limit, let alone analysis of what’s needed for a recovery plan to be fully aligned with it.”

Sortie de crise: L’Agence internationale de l’Énergie Ă©choue de nouveau Ă  planifier la nĂ©cessaire sortie des Ă©nergies fossiles

June 18, 2020By Oil Change InternationalEnergy Transitions & Futures, Press Releases

L’AIE publie aujourd’hui une Ă©dition spĂ©ciale de son rapport World Energy Outlook dĂ©diĂ© aux mesures de soutien aux Ă©nergies propres dans le contexte des plans de relance post-COVID. Et pourtant, loin de marquer une rupture avec les modĂšles prĂ©existants, le rapport s’obstine Ă  mĂ©nage toutes les formes d’énergie et fait l’impasse sur la nĂ©cessaire sortie des hydrocarbures.

Oil Change International et Reclaim Finance dénoncent cet éniÚme rapport inepte pour guider les choix des décideurs politiques et financiers en matiÚre de transition énergétique et appellent ces derniers à la plus grande prudence quant à ses conclusions.