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.
end fossil fuel finance
Civil society condemns Japanese Government’s “GX Strategy” for being “soaked in fossil fuels”
To coincide with the “GX Week” in Japan, a network of civil society groups from across the region and Global South have come together to call for Japan to stop financing false solutions and delaying the just transition to clean energy.
OCI joins growing call on Vietnam to free anti-coal campaigner Nguy Thi Khanh
Earlier this month, Vietnam’s leading environmentalist, Nguy Thi Khanh was sentenced to prison on trumped up tax evasion charges, which have widely been condemned as an attempt to silence her and her campaign against dirty coal. Today, OCI is calling for her release.
Scientists issue new warning about the melting of Antarctica’s “riskiest” glacier
We have had great victories this year. But there is still so much more to do in order to stop fossil fuel extraction and fight for climate justice and a just transition and to stop further warming. Indeed, the warning signs continue to come. This week, scientists presented alarming news from Antarctica …
Oil Change International calls out G7 failure to end all fossil fuel finance
The G7 has now fallen squarely behind what leading economists, energy analysts, and global civil society has shown is required: an end to public finance for all fossil fuels. Our climate cannot afford further delay, and the failure of the G7 to heed these demands means more people impacted by the ravages of our climate chaos.
Oil industry “stunned” by Biden’s fast action on fossil fuel finance & drilling on public lands
The raft of new bold climate policies by Joe Biden has left the oil industry “stunned” with fossil fuel stocks “plunging” due to his actions.
Finance in Common Summits misses opportunity to end fossil fuel finance, but there is a way forward, say CSOs
Today development banks signed a joint declaration at the first global summit of development banks, Finance in Common. Before the summit, the UN Secretary General, youth climate activists, and over 300 civil society organisations all urged development banks to act to end fossil fuel investments. However, the joint declaration only includes a vague commitment to “consider” ways to reduce fossil fuel investments.