A toolbox isn’t very helpful if even the best tool in it only gets you halfway to the repair you need to make. As the IEA prepares a special report on economic recovery, it must close its own climate credibility gap.
climate
Response to OPEC+ Deal on COVID-19 Production Cuts
In response to the apparent deal struck today by major oil producers for deep output cuts to end the price war, and in anticipation of the G20 meetings tomorrow, experts at Oil Change International have issued the following statements.
Groups Demand Immediate Halt to All Keystone XL Activity amid Coronavirus Emergency
A broad coalition of Indigenous, landowner, environmental, and conservation groups called on TC Energy to immediately halt all activity on its Keystone XL pipeline project due to the coronavirus public health threat.
Response to Keystone XL subsidy announcement from Alberta
Today, the Government of Alberta announced that it would support TC Energy’s Keystone XL oil pipeline, with a direct investment of more than USD 1 billion.
Putting clean energy stimulus at the heart of IEA analysis?
People all over the world are facing unprecedented crises from COVID-19. These tragic impacts will be the deepest in the world’s most vulnerable communities, regions and countries. IEA director Dr. Fatih Birol has urged governments worldwide to place clean energy at the heart of stimulus. Here Dr. Birol is right – but making this clean energy call count with real ambition is critical if the IEA wants to shake its reputation as a shill for the fossil fuel sector.
Response to Canada’s possible oil and gas bailout
We’re in the middle of an unprecedented global health emergency and economic crash, we can’t afford for the federal government to bail out a sector in terminal decline. Workers and communities are struggling right now – there are still massive gaps in Canada’s COVID-19 response packages that are putting millions at risk of losing their homes, jobs, and health. It is criminal for Trudeau to be pursuing a massive handout to Big Oil instead of ensuring these basic needs are met.
Oil Change International response to FERC approval of Jordan Cove LNG
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
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.
Oil Change International response to Trump’s announced SPR purchase
With his announcement of purchasing oil to fill the Strategic Petroleum Reserve, Donald Trump has once again put the interests of oil and gas executives ahead of the interests of people and communities.
The Loopholes Lurking in BP’s New Climate Aims
It’s time for BP and all oil companies to stop hiding behind net-zero rhetoric and commit to immediate action on the scale of the crisis we’re in.