This new coalition will coordinate actions between nations leading the charge on eliminating public finance for fossil fuels, and will build momentum to provide political guidance in future multilateral negotiations.
Today, the French government outlined new measures aimed at greening the country’s export credit support policy. Under the proposed new policy, France will continue supporting fossil fuel projects worldwide until at least 2035. OCI urges the French government to reconsider this end date as it is grossly misaligned with the Paris Agreement.
Today, French oil major Total published a statement touting its ambition to “get to net zero by 2050”. In response, Oil Change International released the following statement.
The managed decline of oil and gas production has begun. On Tuesday, France set passed a law to end the exploration for and extraction of oil and gas. In our 2016 report, The Sky’s Limit: Why the Paris Climate Goals Require a Managed Decline of Fossil Fuel Production, we showed that emissions from the oil, gas and … Read More
The managed decline of fossil fuels has begun. Leaders around the world have a choice: Will they join France in moving forward in ending fossil fuel extraction and managing the decline of the fossil fuel industry? Or will they continue to deny full steam ahead off the cliff to climate disaster and economic disarray?
Unprecedented and “never-before-seen” impacts of climate change are all around us. From Hurricanes’ Harvey and Irma to massive flooding in India, Bangladesh, and Nepal to forest fires burning through the west coast of North America – climate change is here and now, and it is catastrophic. Fortunately, unprecedented and never-before-seen climate policy is also starting … Read More
France’s new “Ecological Transitions” Minister says: “There will be no new exploration licences for hydrocarbons, we will pass the law this autumn”
A handful of wealthy countries are still funding fossil fuels instead of climate action, giving 3.6 times more public money to prop up fossil fuels than they’re giving to developing countries to address climate change.
The question at COP21 in Paris this week boils down to this: Will Ministers make liars of their Heads of State? We’ll know in just a few short days.
New analysis released today at the COP21 climate negotiations reveals that G7 countries along with Australia spend 40 times more on support for fossil fuel production than they do in contributions to the Green Climate Fund.