“Biden’s climate legacy hangs in the balance — we need bold leadership, not tinkering around the edges. Declaring a climate emergency would make it clear that Biden views the climate crisis as an existential threat and unlock key powers to tackle climate change head-on and hasten a just transition to clean, renewable energy,” said Rees.
Gas
Belgian export credit agency restricts oil and gas finance to meet climate commitment, but leaves gas loopholesÂ
Credendo’s new policy is meant to implement the Glasgow commitment to end international public finance for fossil fuels by the end of 2022, but it leaves loopholes for existing oil and gas fields and gas-fired power.
Scientists warn that natural gas “cannot be a solution towards a zero-emission future.”
A new academic paper outlines why gas is not a so-called bridge fuel to a zero emission future. The scientists conclude that “a fossil fuel with a high climate impact, often hidden under a misleading narrative, which hinders decarbonization via infrastructure expansion, and so creates carbon lock-in effects and bears high economic risk, cannot be a solution towards a zero-emission future.”
Response: New Biden Offshore Leasing Plan Is a Deadly Betrayal of Communities and Climate
“We can’t transition away from fossil fuels by locking in five more years of deadly extraction, and Biden can’t claim to care about environmental justice while forcing oil and gas drilling on already burdened communities,” said Collin Rees.
Climate Advocates: The EU’s International Energy Strategy Is a Reckless Response to a Global Crisis
“The EU’s new international energy strategy is woefully inadequate and would lock in decades’ more extraction of deadly gas and oil,” said Collin Rees.
Companies set to make ÂŁ11.6 billion windfall on UK oil and gas in 2022
This briefing shows that companies are set to make ÂŁ11.6 billion windfall on UK oil and gas in 2022 and why the UK government is missing this opportunity to fund an energy transition.
We just launched a database to expose the institutions using our money to fund fossils
Public Finance for Energy Database tracks all energy-related transactions from G20 bilateral development finance institutions (DFIs), G20 export credit agencies (ECAs), and the major multilateral development banks (MDBs). This includes 14,000 transactions going back as far as 2008 and totaling nearly $2 trillion.
Over 500 Global Groups Call on World Leaders to Help End Russian War in Ukraine + End Fossil Fuel Reliance
“The only effective response to today’s compounding crises is for global leaders to support the efficiency and clean energy solutions that can replace these dirty fuels and eliminate the need for any new LNG infrastructure,” said Laurie van der Burg.
Over 500 Groups Urge Biden to End Fossil Fuel Era in Response to Russia-Ukraine War
“President Biden and world leaders must do everything in their power to end the fossil fuel era and move the United States and the world to 100% renewable energy as quickly as possible,” said Collin Rees.
New report finds International Monetary Fund must curb its support for fossil fuels
“As many Global South countries face the worst debt crises we have seen in a generation and climate disasters at the same time, the IMF has a lot to answer for,” said Bronwen Tucker.