G20 country governments are providing $444 billion a year in subsidies for the production of fossil fuels. These governments are propping up the production of oil, gas and coal, most of which can never be used if the world is to avoid dangerous climate change, and undermining national climate commitments.
fossil fuel subsidies
From #NoKXL to #StopFundingFossils
Keystone XL is obviously not the end of our fight. We have another clear demand, and that push continues: Stop Funding Fossils. It’s a concept that’s as simple as it is necessary. We shouldn’t be funding the fossil fuels that are causing this climate crisis.
On November 14th we will say loud and clear: #StopFundingFossils. Join us.
Next week, on November 14th, we’re raising some noise. We are demanding our leaders live up to their commitments. We’re demanding they square their climate rhetoric with action. We’re telling them to Stop Funding Fossils.
The Cost of Subsidizing Fossil Fuel Production In Turkey
The Cost of Subsidizing Fossil Fuel Production In Turkey: Why Turkey Should Implement the G20 Commitment To Phase Out Fossil Fuel Subsidies Oil Change International and 350.org September 2015 Market distorting subsidies to fossil fuels contribute to greenhouse gas (GHG) emissions and impede the transition to sustainable, low-carbon development. In 2009, G-20 countries committed to phase out “inefficient” fossil fuel … Read More
Six years after vowing to change, will G20 leaders finally end fossil fuel subsidies?
G20 leaders first pledged to end fossil fuel subsidies back in 2009. Almost six years later, and despite reiterating that vow each and every year, they have precious little to show for it.
#StopFundingFossils
As another round of UN climate negotiations wraps up today in Bonn, expectations are taking shape for the end of the year Paris conference where countries will have yet another chance to prove they are ready to take on one of the world’s greatest challenges. Nobody (with the possible exceptions of Canada, Australia, and Japan … Read More
Analysis: World Bank Group increases spending on fossil fuels
New analysis released today by Oil Change International shows that, despite repeated calls for urgent action on climate change, the World Bank Group increased funding for fossil fuels in its last fiscal year. This increase comes during the first full fiscal year following the World Bank’s announced commitment to limit coal financing due to climate concerns.
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.
Analysis: Fossil Fuel Exploration and the Green Climate Fund
Public support for fossil fuel exploration in rich countries is nearly triple the amount pledged to the Green Climate Fund.
The Fossil Fuel Bailout: G20 Subsidies for Oil, Gas and Coal Exploration
G20 countries are estimated to be spending $88 billion every year subsidising exploration for fossil fuels. This new report documents, for the first time, the scale and structure of fossil fuel exploration subsidies in the G20 countries.