Ahead of OECD negotiations, report shows OECD export finance props up fossil fuels, blocking energy transition

May 23, 2023By nicoleFeatured, Press Releases, Stop Funding Fossils 1 Comment

New analysis by Oil Change International shows that OECD countries supported fossil fuel exports by an average of $41 billion from 2018 to 2020, almost five times more than clean energy exports. This directly contradicts internationally agreed climate goals, including the Paris Agreement objective to align financial flows with the low-carbon energy transition.

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.

Campaigners: G20 financial and political support for fossil fuels rises amidst COVID-19 crisis

July 15, 2020By Oil Change InternationalBlog Post, News, Press Releases, Stop Funding Fossils 1 Comment

Grassroots campaigners at a press briefing yesterday said political leaders are failing to ensure a just and sustainable recovery, as new data shows that the world’s 20 richest countries have committed more than USD 150 billion of public money to support fossil fuels since the start of the COVID-19 crisis.