At a series of events today at the COP27 climate talks, speaker after speaker warned against the Dash for Gas in Africa. One speaker, Mohamed Adow, from PowerShiftAfrica, said: âAfrica sits at a crossroads & there is a fight to decide its energy & development future playing out at #COP27. A cabal of fossil fuel companies supported by foreign nations are trying to push Africa into a fossil fuel led development future. We say to them Donât Gas Africa.â
COP27
Germany, Italy, Canada, United States warned to keep their climate promise on first anniversary of initiative to end public finance for fossil fuels
A UK Government event at COP27 in Egypt has marked the first anniversary of a groundbreaking international initiative to phase out international public finance for fossil fuels, one of the most concrete outcomes of last yearâs UN climate summit in Glasgow. At todayâs event, countries took stock of implementation efforts and announced Nepal as a new signatory to the pledge, making this country the 40th signatory to the statement.
Activists at COP27 remember the Ogoni 9 and warn against African gas expansion
Today marks the twenty seventh anniversary of the murder of Ken Saro-Wiwa and the other members of the Ogoni 9. They were murdered in 1995 by the Nigerian junta for their peaceful campaign to highlight the ecological destruction and environmental racism of Shellâs operations in Nigeria.
Climate activists demand end to public finance for fossil fuels at COP27
A global coalition of civil society groups organized a demonstration at the COP27 climate negotiations in Egypt on âFinance Dayâ to demand wealthy governments – particularly Japan as the world’s largest financier of fossil fuels – stop financing new fossil fuel projects and shift investments to renewable energy.
Exposing Japanâs dirty secret as worldâs top fossil fuel financier
Itâs easy to lose touch with reality at the annual UN climate negotiations, also known as COP. The buzz and energy of tens of thousands of people at the UNâs annual conference focused on one of humanityâs greatest crises is overwhelming. And energizing. Until you realize that you donât all share the same intent. Take … Read More
Japan’s Dirty Secret: World’s top fossil fuel financier is fueling climate chaos and undermining energy security
This briefing, “Japan’s Dirty Secret: World’s top fossil fuel financier is fueling climate chaos and undermining energy security,” reveals that Japan is the worldâs largest public financier of fossil fuel projects, providing 10.6 billion USD per year between 2019 and 2021. Japan has been leading the drive to expand gas consumption in Asia and is the worldâs leading financier of gas infrastructure globally, spending USD 6.7 billion on gas projects on average each year between 2019 and 2021.
New briefing: Japan is the worldâs largest provider of public finance for fossil fuels, spending 10.6 billion USD a year
FOR IMMEDIATE RELEASE November 8, 2022 Contacts: Makiko Arima â makiko@priceofoil.org (AEST) Susanne Wong â susanne@priceofoil.org (CEST) New briefing: Japan is the worldâs largest provider of public finance for fossil fuels, spending 10.6 billion USD a year Briefing highlights that Japanâs support for oil, gas and coal is fueling the climate crisis, undermining energy security and harming … Read More
âWe’re not in an energy crisis, we’re in a fossil fuel crisisâ â advocates discuss fossil fuels at onset of COP27
“Make no mistake â the fossil gas agenda is a neocolonial agenda and patriarchal one. Fossil gas will not provide âenergy securityâ in Africa or anywhere else.” âLorraine Chiponda
New Report: International public finance for fossil fuels dropped in 2021, but a rebound is likely unless key governments deliver on pledges
A report released today by Oil Change International and Friends of the Earth U.S. reveals that between 2019 and 2021 the G20 countries and multilateral development banks (MDBs) provided at least USD 55 billion per year in international public finance for fossil fuels. This is a 35% drop compared to previous years (2016-2018), but still almost twice the support provided for clean energy, which averaged only $29 billion per year.
At a Crossroads: Assessing G20 and MDB international energy finance ahead of stop funding fossils pledge deadline
This report looks at G20 country and MDB traceable international public finance for fossil fuels from 2019-2021 and finds they are still backing at least USD 55 billion per year in oil, gas, and coal projects. This is a 35% drop compared to previous years (2016-2018), but still, almost twice the support provided for clean energy, which averaged only $29 billion per year.