Since the implementation of the Paris Agreement, G20 countries have provided at least USD 77 billion a year in finance for oil, gas, and coal projects.
Oil and gas
Still Digging: G20 Governments Continue to Finance the Climate Crisis
This report reveals G20 countries have provided at least $77 billion a year in public finance to oil, gas and coal projects since the Paris Agreement through their international public finance institutions. This government-backed support to fossil fuels from export credit agencies, development finance institutions, and multilateral development banks is more than three times what they are providing to clean energy
Deep Dive: 5 reasons governments must act now to phase out oil and gas production
The current crisis is a clear warning sign that, if governments leave the “when” and “how” of the end of oil and gas up to tumultuous markets, the outcome will not be good for either people or the planet.
Response to California Gov. Gavin Newsom’s Actions Toward a Managed Phase-Out of Oil and Gas Extraction
Today, California Governor Gavin Newsom announced new steps to restrict dangerous drilling practices and improve protections for communities close to oil and gas extraction.
Very Little in the Permian Basin Makes Sense
On a tour of the Permian Basin in New Mexico, the devastation and pollution is hard to miss. But with the help of a special camera, you can see just how bad it really is.
The Sky’s Limit Denmark: Why Denmark Must Phase Out North Sea Oil and Gas Extraction
A new study released by Oil Change International examines the role of Danish oil and gas production in a Paris-aligned global carbon budget. The report confirms that while Denmark has positioned itself as a global climate leader, its plans to expand North Sea oil and fossil gas extraction would undermine its record of climate action and would be incompatible with achieving its Paris climate commitments.
Massive Oil Spill Endangers Central Valley Residents and Highlights State Agency’s Negligence in Protecting Community Health and Climate
“Doubling down on new drilling is incompatible with climate leadership, and for the first time we’re seeing a California governor recognize and begin to act on this reality,” said Kelly Trout.
Report: The European Investment Bank Can’t Meet the Paris Agreement if It Keeps Funding Gas Infrastructure
A new analysis released today highlights how European Investment Bank (EIB) financing of fossil fuel projects – in particular gas pipelines and LNG terminals – is not compatible with EU climate commitments or the aims of the Paris Agreement.
The UK’s net-zero target must address oil and gas extraction too
The elephant in the room of UK climate policy
In the face of Trump, World Bank Board must stand firm on climate
Because they chose to accept David Malpass, Donald Trump’s pick for the next World Bank president, the World Bank Group’s Board of Directors are responsible for moving aggressively him in if he attempts to drag the Bank backward on climate change. The Board must not let Malpass do the bidding of the oil and gas industry.