Oil Change International responds to mixed bag at COP28 Finance Day outcomes

December 4, 2023By nicolePress Releases, Stop Funding Fossils

Today was Finance Day at the UN climate talks in Dubai, with a mixed bag of outcomes according to Oil Change International campaigners. Multilateral development bank representatives met with the COP28 Presidency, and failed to show progress in redirecting much needed finance for a just energy transition, while export credit agencies indicate a significant drop in fossil fuel support. 

The clock is ticking: Ambitious export credit climate policies needed to implement the Glasgow Statement

August 29, 2022By Oil Change InternationalBlog Post, Stop Funding Fossils 1 Comment

By Nina Pusic   Often hidden from public view, export credit agencies (ECAs) hold a make-or-break role when it comes to achieving the 1.5°C warming goals of the Paris Agreement and averting climate catastrophe. Their export support, in the form of loans, loan guarantees and insurance, helps domestic companies limit the risk of selling goods … Read More

CSOs say E3F countries need to act with urgency and integrity to meet commitments to end export finance for fossil fuels

November 24, 2021By LauriePress Releases, Stop Funding Fossils

The time has come for ambitious E3F action, not just ambitious words. We do not want to see a year of vague compromises and exceptions that water the commitment down and lead to continued support for fossil fuels, such as gas – as this not only puts the climate at risks, it also locks countries in the south into fossil dependence with all the economic risks that come along.