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.
Burning the Gas ‘Bridge Fuel’ Myth: Why Gas Is Not Clean, Cheap, or Necessary
This report unpacks and debunks the enduring myth that gas can form a bridge to a decarbonized future. As the global crisis intensifies while the production and consumption of gas soars, it is clearer than ever that gas is not a solution to the climate crisis.
UK oil and gas: climate emergency, jobs and the need for a managed phase-out
Our new report reveals, for the first time, the climate impact of North Sea oil and gas extraction, and shows the way to a job-creating energy transition. To deal with the climate emergency, the UK needs to immediately stop approving new oil and gas drilling and redirect support to clean jobs and renewable energy.
Sea Change: Climate Emergency, Jobs and Managing the Phase-Out of UK Oil and Gas Extraction
This new report reveals, for the first time, the climate impact of North Sea oil and gas extraction, and shows the way to a job-creating energy transition. To deal with the climate emergency, the UK needs to immediately stop approving new oil and gas drilling and redirect support to clean jobs and renewable energy.
Fossil Fuel Finance at the Multilateral Development Banks: The Low-Hanging Fruit of Paris Compliance
A new analysis finds that six major multilateral development banks provided over $7 billion in public financing for fossil fuels in 2015, and over $83 billion in financing for fossil fuels from 2008 to 2015, despite public claims of the urgent need for action on climate.
New analysis: Mountain Valley and Atlantic Coast Pipelines are Climate Disasters
Two studies released today find that if built, the controversial Mountain Valley and Atlantic Coast pipelines would together contribute as much greenhouse gas pollution as 45 coal-fired power plants — some 158 million metric tons a year.
Carbon Trap: How International Coal Finance Undermines the Paris Agreement
An update to our previous reports on international coal finance, this report confirms that financing for coal threatens to undermine the Paris Agreement’s aims.
The Sky’s Limit: Unpacking the Climate Math
Our research has found that the carbon budget will be exhausted with current development and some currently-operating fossil fuel projects will need to be retired early in order to have a good chance of staying below the 2C limit.
The Sky’s Limit: Why the Paris Climate Goals Require a Managed Decline of Fossil Fuel Production
A new study released by Oil Change International, in partnership with 14 organizations from around the world, scientifically grounds the growing movement to keep carbon in the ground by revealing the need to stop all new fossil fuel infrastructure and industry expansion.
Press Release: New Report Details Climate Threat of Proposed U.S. Natural Gas Expansion
A new report out from Oil Change International, in partnership with 11 other local, regional, and national organizations, shows that current projections for U.S. natural gas production – fueled by a boom in the Appalachian Basin – will lock in enough carbon to bust through agreed climate goals.