“Ending government support for fossil fuels is a no-brainer. Globally, governments are still propping up fossil fuels with huge sums of public money, behaviour that is incompatible with keeping global warming below 1.5ºC,” said Laurie van der Burg.
Oil and gas
Oil Change International Response to New Report Revealing that UKEF Switch to Renewables Could Deliver 42,000 Jobs
“This report shows that the UK has a clear opportunity to show climate leadership and stop propping up deadly fossil fuels with public money.
Statement: UK’s overseas finance for fossil fuels should not leave any loopholes
For the UK to be credible as a COP26 host, it should end all overseas and domestic finance and subsidies for oil and gas production. Emissions from oil, gas and coal in already-operating fields and mines globally will push the world far beyond 1.5°C of warming.
Export Development Canada’s new climate targets miss the mark
Export Development Canada (EDC), Canada’s government-backed export credit agency, has long been one of the worst in the world when it comes to backing the fossil fuel industry with public money. Their new climate policy opens the door for meaningful change, but the initial targets are far too weak to get the job done.
Report: G20 Governments Bankrolling the Fossil Fuel Industry with at least $77 Billion a Year
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.
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.