Leaders & Laggards: Tracking implementation of the COP26 commitment to end international public finance for fossil fuels by the end of 2022

October 7, 2022By OCI TeamBriefings, Stop Funding Fossils

With just a month left until COP27 and campaigners around the world take action to urge their leaders to keep their #StopFundingFossils promise, this briefing shows that while a number of signatories are on track or getting on track to put an end to their financing for fossil fuel projects abroad by the end of this year, others are dragging their feet. 

Explainer: What the COP26 and G7 promises to stop funding fossils in 2022 mean for climate and communities

July 28, 2022By OCI TeamBlog Post, Stop Funding Fossils 1 Comment

39 countries and institutions signed a joint commitment to end any support for fossil fuels flowing abroad by the end of 2022, and in its place prioritize finance for clean energy. Recently the G7 reaffirmed their commitment and were now also joined by Japan, the only G7 member who hadn’t signed on. Here’s what that means.

Oil Change International submits evidence to the Environmental Audit Committee

May 24, 2022By nicoleBlog Post, Energy Transitions & Futures, Global Policy

The UK House of Commons Environmental Audit Committee have launched a inquiry into Accelerating the transition from fossil fuels and securing energy supplies, which is scrutinising the UK Government’s Energy Security Strategy and its North Sea Transition Deal (for oil and gas production in the UK’s Continental Shelf). Oil Change International submitted the following evidence for the committee.

Study: Existing oil, gas, and coal extraction sites need to be closed down to stay within 1.5C, findings show

May 17, 2022By OCI TeamBlog Post, News, Press Releases

A new peer-reviewed study published in Environmental Research Letters finds that existing oil, gas, and coal extraction sites need to be closed down to stay within 1.5C. The study, led by researchers at Oil Change International and the International Institute for Sustainable Development, finds that nearly 40% of developed fossil fuel reserves need to stay in the ground to keep the 1.5°C limit in reach.

Locked Out of a Just Transition: Fossil Fuel Financing in Africa

March 3, 2022By OCI TeamFeatured, Reports, Stopping Carbon Lock-In

Between 2016, following the adoption of the Paris Climate Agreement, and June 2021, public and private financial institutions poured at least $132 billion in lending and underwriting into 964 gas, oil and coal projects in West, East, Central and Southern Africa. The vast majority of this finance came from financial institutions based outside Africa, both commercial banks and public institutions such as development banks and Export Credit Agencies.