Today – just a few months before landmark climate change negotiation in Paris – a little-known working group within the OECD met to discuss a big issue: should rich countries continue to push dirty coal technologies overseas, or should they finally set some limits on financing climate destruction? The question is an important one, as a … Read More
Coal
Six years after vowing to change, will G20 leaders finally end fossil fuel subsidies?
G20 leaders first pledged to end fossil fuel subsidies back in 2009. Almost six years later, and despite reiterating that vow each and every year, they have precious little to show for it.
Shale May be the “Unexpected Loser” in Clean Power Plan
President Obama yesterday unveiled what is the centre piece of his climate legacy, as his long awaited Clean Power Plan was outlined in a ceremony at the White House.
New report lifts the rug on billions of secret public finance for a dying coal industry
A new report released today by Oil Change International, Natural Resources Defense Council (NRDC), and World Wide Fund for Nature (WWF) exposes for the first time a web of billions of dollars of public finance flowing to support the coal industry each year by way of export support, development aid and general finance.
Under the Rug: How Governments and International Institutions are Hiding Billions in Support to the Coal Industry
Combining all known public sources, and augmenting them with subscription industry databases, this report makes comprehensive information on public financing for coal easily accessible for the first time.
Analysis: World Bank Group increases spending on fossil fuels
New analysis released today by Oil Change International shows that, despite repeated calls for urgent action on climate change, the World Bank Group increased funding for fossil fuels in its last fiscal year. This increase comes during the first full fiscal year following the World Bank’s announced commitment to limit coal financing due to climate concerns.
Analysis: Rich Nations Driving Global Coal Expansion
A new analysis of leaked OECD data finds that over the last decade, export credit agency finance has played a significant role in supporting coal power generation globally.
Big Coal’s “Fake” Social Media Campaign
As more and more of us search for news and information online, PR companies and their clients are increasingly trying to manipulate what you read.
New Coal Finance Report Reveals Substantial Role of State-owned Banks
New BankTrack report highlights that commercial banks are ignoring climate limits, financing a record US$88 billion for coal operations in 2013.
Europe Still Subsidising Dirty Coal
Despite an EU commitment to phase out fossil fuel subsidies by 2020, countries across Europe are still subsidising dirty coal boy over €10 billion a year, according to new figures released by the European Commission today.