Policy falls short of a major pledge Spain made at the 2021 COP26 UN climate summit to stop financing fossil fuel projects.
COP26
Universal outrage as first new coal plant in a generation is approved by UK
There has been widespread condemnation of the UK’s highly controversial decision to approve the first new coal mine in 30 years in Cumbria.
Civil Society calls on COP leaders to include unequivical fossil fuel phase-out in final declaration
We are in the business end of the COP27 negotiations, as delegates haggle over the final declaration. As I write the news from Sharm el-Sheikh regarding the all important text is deeply concerning and comprehensively flawed.
Release the Guidance: Backgrounder on U.S. International Energy Finance ahead of COP27 Deadline
From 2010-2021, the United States’ trade and development finance institutions provided nearly five times as much support to fossil fuels as to renewables — over $51.6 billion for fossils compared to just $10.9 billion for renewables.
France restricts oil and gas finance to meet climate commitments, piling pressure on Germany, USA, Canada to follow suit
France fulfils commitment made at 2021 UN Climate Conference, ending almost all government-backed financing for international fossil fuel projects.
From Creation to Delivery: How the Beyond Oil and Gas Alliance and its members can catalyze climate action in an era of energy upheaval and escalating climate impacts
This paper outlines priorities for the Beyond Oil and Gas Alliance (BOGA) and its members that were identified by civil society groups to turn what has remained a largely aspirational diplomatic initiative into a force for increased climate action in line with equity, justice, and science.
Position paper: CSOs urge the Beyond Oil and Gas Alliance to deliver on real climate leadership
Today, a few days after a high level event (1) organized by the Beyond Oil and Gas Alliance (2) on the margins of the UN General Assembly in New York, civil society organizations launch a position paper urging the coalition and its members to deliver on commitments to promote a global phase out of oil and gas production, and turn aspirations into bold and ambitious climate action in line with equity, justice, and science.
Response: The UK’s decision to lift its fracking ban flies in the face of climate science and will not solve its energy crisis
Contacts Nicole Rodel: nicole [at] priceofoil.org Silje Lundberg: silje [at] priceofoil.org Today, Prime Minister Liz Truss announced the reversal of the UK’s fracking ban, despite advice from the government’s own advisors that such a move will not help lower energy bills or support long-term energy security. The decision to remove the moratorium on fracking, which … Read More
As G7 backslides over fossil fuel pledges, new research shows gas is not the answer to our climate and energy security crisis
With hundreds of millions of people across the word suffering from the fallout of higher energy prices and a cost of living crisis caused by Russia’s deadly war on Ukraine, this week’s G7 summit was the perfect opportunity for the world’s most powerful politicians to show clear compelling leadership.
UK windfall tax incentivizes oil drilling: a climate “wrecking ball”
The UK Government’s windfall tax on oil companies, announced yesterday, will actually incentivise oil and gas drilling and “wreck” the UK’s climate targets.