New report: Commitment to end international finance for fossil fuels is shifting billions, but key countries breaking promises missing in action

March 15, 2023By OCI TeamBlog Post, Press Releases, Stop Funding Fossils No Comments

Promise Breakers, a report released today by Oil Change International, reveals that the stop funding fossils commitment forged at COP26, is already shifting an estimated USD 5.7 billion per year out of fossil fuels and into clean energy, with the potential of a further 13.7 billion per year if all signatories fulfill their commitments.

Promise Breakers: Assessing the impact of compliance with the Glasgow Statement commitment to end international public finance for fossil fuels

March 15, 2023By OCI TeamFeatured, Reports, Resources, Stop Funding Fossils 5 Comments

New research shows stop funding fossils commitment forged at the 2021 UN climate summit is already shifting an estimated USD 5.7 billion per year out of fossil fuels and into clean energy. If all signatories fulfill their commitments, then a further 13.7 billion per year will be shifted out of fossil fuels and into clean energy.

Italian government considering support for international fossil fuel projects that would emit 3.5 times Italy’s annual emissions, despite major climate promise

November 30, 2022By Adam McGibbonBlog Post, Briefings, Featured, Press Releases

New Briefing: Despite pledging to stop international financing for fossil fuel projects by the end of 2022, the Italian Government is continuing to actively consider financing for major international fossil fuel projects that could emit greenhouse gas emissions equivalent to at least 3.5 times Italy’s annual emissions.