Ahead of OECD negotiations, report shows OECD export finance props up fossil fuels, blocking energy transition

May 23, 2023By nicoleFeatured, Press Releases, Stop Funding Fossils 1 Comment

New analysis by Oil Change International shows that OECD countries supported fossil fuel exports by an average of $41 billion from 2018 to 2020, almost five times more than clean energy exports. This directly contradicts internationally agreed climate goals, including the Paris Agreement objective to align financial flows with the low-carbon energy transition.

The clock is ticking: Ambitious export credit climate policies needed to implement the Glasgow Statement

August 29, 2022By OCI TeamBlog Post, Stop Funding Fossils 1 Comment

By Nina Pusic   Often hidden from public view, export credit agencies (ECAs) hold a make-or-break role when it comes to achieving the 1.5°C warming goals of the Paris Agreement and averting climate catastrophe. Their export support, in the form of loans, loan guarantees and insurance, helps domestic companies limit the risk of selling goods … Read More