The World Bank’s pledge to end all upstream investment in the oil and gas sector by 2019 topples a key pillar holding up the social license around the fossil fuel industry.
fossil fuel exploration
It’s time to #StopFundingFossils!
The UN climate talks are nearing the final hours and one of the major sticking points is finance. Well, we’re here to tell governments there’s plenty of money available if they look in the right place.
Subsidizing Unburnable Carbon: Taxpayer Support for Fossil Fuel Exploration in G7 Nations
A new report by Oil Change International identifies billions of dollars in subsidies for fossil fuel exploration from the world’s wealthiest countries.
U.S. Government Providing Billions in Fossil Fuel Subsidies to Unburnable Carbon
Today, Oil Change International released a comprehensive report on fossil fuel exploration and production subsidies in the U.S. – Cashing in on All of the Above: U.S. Fossil Fuel Production Subsidies under Obama – which demonstrates that at a time when we need urgent action on climate change more than ever, the U.S. government is … Read More
World Bank financed $1 billion in fossil fuel exploration projects
New analysis released today by Oil Change International finds that World Bank Group finance for projects that included exploration for new fossil fuel resources reached a new high in FY2013, at nearly $1 billion out of the $2.7 billion spent in total for fossil fuel projects.