The IEA is finally taking a major step towards living up to its ambition to lead the clean energy transition.
Press Release
UK announces end to overseas fossil fuel finance, now other governments must follow suit
The United Kingdom’s prime minister, Boris Johnson, will commit to end the UK’s overseas fossil fuel financing “as soon as possible” at the Climate Ambition Summit. The phase-out of oil, gas, and coal financing applies to aid funding, trade promotion and export finance provided by UK Export Finance (UKEF), the institution that has come under scrutiny for its USD 1 billion investment in a controversial LNG project in Mozambique and for considering to finance the equally controversial East African Oil Pipeline.
Top US banks still propping up Mountain Valley fracked-gas pipeline boondoggle
Eight main street U.S. banks have substantially increased their investment in the troubled Mountain Valley fracked gas pipeline project, updated analysis by Oil Change International revealed today.
Oil Change International Response to IEA’s 2020 World Energy Outlook
Limiting warming to 1.5ºC is both urgent and possible, but governments and investors alike need pathways that allow them to plan for success, not further entrench fossil fuels.
Big Oil Reality Check: New paper finds ‘failure across the board’ in oil industry climate plans
A new comprehensive analysis released today shows that not a single climate plan released by a major oil company comes close to aligning with the urgent 1.5ºC global warming limit.
Response to Canada’s oil and gas bailout announcement
That today’s announcement does not include most of the industry’s wish list is credit to massive public outcry.
Oil Change International response to Trump’s announced SPR purchase
With his announcement of purchasing oil to fill the Strategic Petroleum Reserve, Donald Trump has once again put the interests of oil and gas executives ahead of the interests of people and communities.
Oil Change International Experts Comment on Oil Market Volatility
As COVID-19 becomes an official pandemic and oil prices plunge amidst a global price war, questions are emerging regarding the impact of these developments on climate and energy policy. Oil Change International experts offer statements and are available for further comment.
Statement: IEA Oil 2020 report fails to reflect climate emergency
In response to the International Energy Agency (IEA) Oil 2020 report released today, as global oil prices plummet amid supply swings and the impacts of COVID 19, Kelly Trout, senior research analyst at Oil Change International, released the following statement.
Report: New Mexico’s Oil & Gas Boom Undermines the State’s Climate Goals
A new report released today by Oil Change International and partners finds that New Mexico’s projected oil and gas production is entirely out of sync with the action necessary to prevent catastrophic climate change. The report analyzes the full climate impact of New Mexico’s oil and gas extraction, and finds that the state’s goals of reducing emissions will be completely undermined by continued expansion of oil and gas.