Talk is Cheap: How G20 Governments are Financing Climate Disaster

July 5, 2017By Alex DoukasBlog Post, Briefings, Featured, Reports, Resources 14 Comments

Each year, G20 countries provide nearly four times more public finance to fossil fuels than to clean energy. In total, public fossil fuel financing from G20 countries averaged some $71.8 billion per year, for a total of $215.3 billion in sweetheart deals for oil, gas, and coal over the 2013-2015 timeframe covered by the report. Fifty percent of all G20 public finance for energy supported oil and gas production alone.

Hidden Costs: Pollution from Coal Power Financed by OECD Countries

November 8, 2015By Alex DoukasReports, Resources

  Hidden Costs: Pollution from Coal Power Financed by OECD Countries November 2015 Oil Change International and WWF DOWNLOAD REPORT OECD countries support coal-fired power plants abroad by providing preferential financing through institutions called Export Credit Agencies (ECAs). These coal-fired power plants have significant costs, in the form damages to the health of local populations from air … Read More

It’s past time for OECD countries to axe support for overseas coal and to #StopFundingFossils

September 17, 2015By Alex DoukasBlog Post, Featured, News

Today – just a few months before landmark climate change negotiation in Paris – a little-known working group within the OECD met to discuss a big issue: should rich countries continue to push dirty coal technologies overseas, or should they finally set some limits on financing climate destruction? The question is an important one, as a … Read More

Analysis: World Bank Group increases spending on fossil fuels

April 17, 2015By David TurnbullPress Releases

New analysis released today by Oil Change International shows that, despite repeated calls for urgent action on climate change, the World Bank Group increased funding for fossil fuels in its last fiscal year. This increase comes during the first full fiscal year following the World Bank’s announced commitment to limit coal financing due to climate concerns.