Oil Change International

Oil Change International

Oil Change International

  • Home
  • About
    • Values
    • Jobs
  • Blog
  • Program Areas
    • Global Policy
    • Public Finance
    • Global Industry
    • Africa
    • Asia
    • United States
  • Research
  • Press
  • Donate
  • Home
  • About
    • Values
    • Jobs
  • Blog
  • Program Areas
    • Global Policy
    • Public Finance
    • Global Industry
    • Africa
    • Asia
    • United States
  • Research
  • Press
  • Donate
  • Facebook
  • Twitter

Stop Funding Fossils

Biden at risk of breaking climate promise with $500 million of public finance for LNG imports in Poland

June 1, 2023By Valentina StacklBlog Post, Featured, News, Press Releases, Stop Funding Fossils No Comments

Next week, the U.S. International Development Finance Corporation is likely to consider a $500 million guarantee to help Polish oil and gas company PKN Orlen increase its imports of U.S. LNG, violating Biden’s commitment to end public finance for fossil fuels by the end of 2022.

Changing the Trade Winds: Aligning OECD Export Finance for energy with climate goals

May 23, 2023By nicoleReports, Resources, Stop Funding Fossils 3 Comments

New research shows that Organisation for Economic Co-operation and Development (OECD) countries supported fossil fuel exports by an average of USD 41 billion from 2018-2020, almost five times more than clean energy exports ($8.5 billion).

CSOs condemn G7 leaders for dangerous backsliding on gas, breaching commitments to end fossil fuel finance

May 20, 2023By Susanne WongAsia, Blog Post, Featured, News, Press Releases 3 Comments

“At a time when we rapidly need to phase out fossil fuels, this year’s G7 host has pushed for the expansion of gas and LNG and technologies that would prolong the use of coal,” said Susanne Wong, Asia Program Manager.

Biden breaks major G7 climate promise by financing Indonesian oil refinery 

May 12, 2023By Valentina StacklBlog Post, Featured, News, Press Releases No Comments

“Biden’s claims to be a climate leader are increasingly laughable after EXIM’s approval of this refinery. If he can’t be trusted to keep this relatively modest promise, how can anyone trust the United States to live up to its even grander climate promises?” asked Adam McGibbon.

Reaction: World Bank Spring Meetings End With Broken Climate Promises

April 14, 2023By Valentina StacklPress Releases 1 Comment

There have been few concrete developments on the G7-led ‘evolution roadmap’ and a new Paris Alignment ‘sector note on energy and extractives’ keeps all existing pathways for WBG fossil gas support open. 

As IPCC demands urgent climate action, Pacific nations step up, but Italy and UK reach new lows as rogue climate states

March 21, 2023By Andy RowellBlog Post 1 Comment

Yesterday, the message from the world’s leading climate scientists was their most brutal and stark yet. It was unequivocal.

OECD fails to make progress on aligning with 1.5°C, stalling urgent climate action for over 6 months

March 14, 2023By Nina PusicBlog Post, News, Press Releases, Stop Funding Fossils

Last week, OECD countries failed to conclude negotiations on climate friendly incentives to align Export Credit Agencies, the world’s largest international financiers of fossil fuels, with international climate goals.

Response: New Carbon Capture Subsidy Bill Would Prolong Fossil Fuel Industry’s Power

March 1, 2023By Collin ReesBlog Post, News, Press Releases, Stop Funding Fossils

“CCUS is a dangerous distraction from rapidly and equitably phasing out fossil fuels. Giving more public money to prolong Big Oil’s political power and profits is the wrong approach and a poor use of public funds,” said Collin Rees.  

Response: Malpass departure must be the start of a fossil free World Bank

February 15, 2023By Bronwen TuckerBlog Post, News, Press Releases, Stop Funding Fossils

“Despite Malpass’s departure, the World Bank Group still funds more fossil fuels than any other multilateral development bank. Ending this support must be top priority ahead of the Bank’s Spring Meetings,” said Tucker.

Spain’s export credit agency restricts fossil fuel finance, but leaves major gas loopholes

January 23, 2023By Adam McGibbonNews, Press Releases, Stop Funding Fossils

Policy falls short of a major pledge Spain made at the 2021 COP26 UN climate summit to stop financing fossil fuel projects.

123›»
logo
Oil Change International is a 501(c)3 non-profit organization.
Privacy Policy

Sitemap

  • Home
  • About
    • Values
  • Blog
  • Program Areas
    • Global Policy
    • Public Finance
    • Global Industry
    • Africa
    • Asia
    • United States
  • Research
  • Press
  • Donate

Associated Websites

  • KeepItInTheGround.org
  • StopFundingFossils.org
  • Crude-by-Rail Map
  • LofotenDeclaration.org

Get Involved

Get Action Alerts
Donate
Like
Follow

© 2021 · Oil Change International · All Rights Reserved