“The World Bank is falling short by doubling down on fossil fuel transportation investments that will lock in climate chaos while creating new sources of sickening pollution for communities around the globe,” said Collin Rees.
Gas
Climate advocates respond: Biden administration to restart oil, gas leasing on public lands
The communities most at risk from new fossil fuel extraction are primarily Black, Brown and Indigenous peoples, people of the global majority and those on the frontlines of fossil fuel industry expansion.
Response: Biden’s renewed oil and gas lease sales are a disastrous move in the wrong direction
“True energy independence means rejecting fossil fuel expansion and ending Big Oil’s greed while rapidly building out renewable energy on public lands and beyond,” said Rees.
Groups Call Out U.S.-EU ‘Joint Task Force for Energy Security’ for Lack of Transparency and Climate Criteria
Climate and environmental justice groups are raising concerns about a lack of transparency around the US-EU Joint Task Force for Energy Security that the Biden Administration announced on March 25.
Banking on Climate Chaos 2022: Fossil Fuel Finance Report
This report, Banking on Climate Chaos 2022, analyzes fossil fuel financing and policies from the world’s 60 largest commercial and investment banks. We reveal that fossil fuel financing from the world’s 60 largest banks has reached nearly USD $4.6 trillion in the six years since the adoption of the Paris Agreement, with $742 billion in 2021 alone.
U.S. Oil and Gas Companies Set to Make Tens of Billions More from Wartime Oil Prices in 2022
As American families continue to be hammered by skyrocketing gasoline prices, U.S. oil and gas companies are poised to reap tens of billions in windfall profits thanks to high wartime prices.
U.S. Oil and Gas Companies Set to Make Tens of Billions More from Wartime Oil Prices in 2022
With oil prices rising to near-record levels due to Russia’s ongoing war in Ukraine, companies producing oil and gas in the United States are in line to make tens of billions in additional profits. Under conservative estimates, we find the U.S. upstream oil and gas industry will collect a windfall of $37 to $126 billion in 2022 alone.
New energy security task force must not expand fossil gas production or invest in long-lived infrastructure
Today, U.S. President Joe Biden and European Commission President Ursula von der Leyen announced a new task force to reduce Europe’s dependence on Russian fossil fuels. The announcement reveals that the EU and United States plan to expand LNG infrastructure in Europe. Recent research shows such new LNG import infrastructure is not needed.
European and U.S. Energy Companies are Responsible for Nearly USD 100 Billion to Putin’s War Chest Since Crimea Invasion
New analysis finds that revenues from oil and gas projects backed by European and U.S. companies have fueled Vladimir Putin’s regime to the tune of nearly USD 100 billion since 2014.
EU position on ‘ending public support for fossil fuels’ fails to do exactly that
Today the Council of the European Union will approve a statement that commits all Member States to end international public finance in the form of export credits for projects in the fossil fuel energy sector.