The Republican plan not only refuses to end massive public giveaways to the fossil fuel industry, but also foists the cost on the American public through user fees rather than repealing Trump and the GOP’s tax cuts for billionaires and rich corporations. This plan is a joke.
Stopping Carbon Lock-In
2021: Momentum builds for climate action, including from President-elect Biden
Welcome to 2021, which we hope will be a year of transformative change and unstoppable momentum on climate change, culminating in COP26, the crucial climate conference in Scotland at the end of the year.
New Money Behind the Mountain Valley Pipeline: Eight U.S. Banks Dominate the Top 10 Backers
A new report by Oil Change International on the Mountain Valley Pipeline (MVP) reveals that banks have continued pouring money into the project over recent years, despite numerous warnings that the project has been financially unsustainable and a threat to the climate.
This analysis, an update to our 2017 report, reveals that the estimated cost of the Mountain Valley Pipeline has nearly doubled since 2017, increasing the potential project cost from USD 3.5 billion to between $6.3 and $6.5 billion.
COVID-19 crisis accelerating “long-term decline of coal”
Even before the current COVID-19 crisis, coal was in trouble due to its high carbon content, coupled with high costs. But COVID-19 is accelerating that decline. And once coal is gone, it is not coming back.
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.
Is BlackRock announcement “beginning of the end for fossil-fuel system?”
“When the world’s largest asset manager, BlackRock places sustainability and climate risk at the center of its investment approach, and commits to stronger sustainability advocacy actions, it is game-changing for capital markets.”
Planned fossil fuel production dangerously out of line with climate safety
The world is on track to produce about 120 per cent more fossil fuels in 2030 than would be consistent with limiting warming to 1.5 degrees, and 50 per cent more than would be consistent with limiting warming to 2 degrees.
EU’s lending arm wants more pipelines and the Paris Agreement – it can’t have both
The European Investment Bank (EIB) is the world’s largest multilateral lender, bigger even than the World Bank. As a public bank, it’s tasked with providing finance in the EU public interest, and it has an outsized influence on the EU’s energy system because of the private investment it can “crowd in” and the sheer amount of money it has at its disposal.
New Report Debunks Gas ‘Bridge Fuel’ Myth
A new report debunks the myth that natural gas can be a bridge to a clean, affordable energy future and warns policymakers to “avoid picking gas as the winner” in the transition to clean energy.
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.