Last Thursday on November 4, 25 countries and institutions committed to end international public finance for unabated oil, gas, and coal by the end of 2022 at the United Nations climate conference in Scotland (COP26). Today, the Netherlands has confirmed that it will also join the initiative.
Oil
United States joins 20+ countries in committing to end international finance for oil, gas, & coal by end 2022
Today the United States and over 20 other countries and institutions from both developed and developing countries committed to end direct international public finance for unabated coal, oil and gas by the end of 2022 and prioritize clean energy finance.
New Report: G20 governments Have Bankrolled More Than $188 Billion in Fossil Fuels Since 2018
New report updates analysis of public financing for energy projects ahead of expected joint announcement to end these flows at COP26.
Response to California Statewide Oil and Gas Setback Announcement
“Gov. Newsom must step up his game — there is *no* safe distance at which oil and gas drilling is acceptable for the climate. California must ban all new oil and gas permits and phase out existing drilling with a just transition,” said Rees.
Last Chance Alliance Responds to Gov. Gavin Newsom Announcement on California Oil & Gas Setbacks
“Oil and gas executives won’t let neighborhood oil drilling end without a fight — but we’ll keep fighting for working people until every person’s right to clean air in every neighborhood is guaranteed,” said Neena Mohan.
Report: USD 1.4 trillion fossil fuel buildout jeopardizes Africa’s economies, climate, and communities
New analysis details why a just energy transition in Africa requires an end to new oil, gas, and coal extraction projects
Briefing: Greenhouse Gas Pollution Estimates of Proposed U.S. Fossil Fuel Infrastructure
Stopping these fossil fuel projects would prevent a drastic increase in GHG pollution at a time when it is imperative to decrease emissions to meet domestic and international climate goals, including the Paris Agreement that President Biden rejoined.
New Report: Emissions from Proposed U.S. Fossil Fuel Projects Equivalent to Doubling U.S. Coal Plants if Biden Approves Construction
Increased emissions under President Joe Biden would be equivalent to more than doubling existing emissions from U.S. coal plants if the U.S. moves ahead with 21 major fossil fuel infrastructure projects pending review by the Biden Administration.
Statement: CSOs call on world leaders to end public finance for fossil fuels in 2021
One day before world leaders meet to discuss the energy transition at the United Nations High Level Dialogue on Energy, more than 200 civil society organizations (CSOs) from over 40 countries have released a statement calling on world leaders to end international public finance for coal, oil and gas.
Will Norway’s new government act on the need to phase out oil and gas?
The Parliament election in Norway, Europe’s largest oil and gas producer, ended up securing support for a shift in Government, from today’s Conservative-coalition government to a Labour-coalition government. Talks and negotiations are happening over the next weeks, and one of the biggest issues is the future of the Norwegian oil and gas industry. Will Norway’s new government pass a more restrictive oil and gas policy?