Oil Change International response to FERC approval of Jordan Cove LNG

March 19, 2020By Oil Change InternationalPress Releases

The Jordan Cove LNG project would be a climate disaster, responsible for at least 36 million tons of greenhouse gas emissions – more emissions than any other source in the state of Oregon if it were to be built. For over fifteen years, this project has been delayed, denied, and protested at every step of the way. Three key state permits have already been denied, rendering FERC’s approval likely impotent, and highlighting the fact that FERC acts as an industry rubber stamp, ignoring local opposition and state permitting decisions.

Banking on Climate Change 2020: Fossil Fuel Finance Report Card

March 18, 2020By Oil Change InternationalReports, Stop Funding Fossils

A new report, Banking on Climate Change 2020, reveals that 35 private-sector banks across Canada, China, Europe, Japan, and the U.S. have financed fossil fuels with USD $2.7 trillion since the Paris Agreement was adopted (2016-2019), with financing on the rise each year.

The report finds that fossil fuel financing continues to be dominated by the big U.S. banks – JPMorgan Chase, Wells Fargo, Citi, and Bank of America – together, these four banks account for a staggering 30% of all fossil fuel financing from the 35 major global banks since the Paris Agreement was adopted.

Briefing: Carbon Impacts of Reinstating the U.S. Crude Export Ban

January 28, 2020By Oil Change InternationalBriefings, Stopping Carbon Lock-In 1 Comment

The next president and Congress should reinstate the crude export ban in tandem with policies to ensure a just and equitable transition away from fossil fuels. A reimplementation of the ban would therefore require an ambitious and well-funded energy policy to prioritize justice and equity for workers and frontline and Indigenous communities in the necessary transition away from fossil fuels.

IEA scenarios may not stand the test of climate litigation: Dutch Supreme Court ruling (Shell should pay attention)

January 22, 2020By Hannah McKinnonBlog Post, Energy Transitions & Futures, Featured, News, Stop Funding Fossils

By Laurie van der Burg As the climate crisis wreaks havoc across the globe and we enter a decade that will make or break our ability to limit warming to 1.5°C, Big Oil continues to use the International Energy Agency’s (IEA) dangerous scenarios to justify major new investments in oil and gas, including in court. … Read More