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.
subsidies
Budget 2019 Reaffirms Canada’s Commitment to Remove Subsidies to Oil & Gas, Yet Offers New Handouts to the Sector
Despite moderate progress in the 2017 budget, Canada remains the largest provider of fiscal support to oil and gas production in the G7 relative to the size of its economy.
Risking It All: How Export Development Canada’s Support for Fossil Fuels Drives Climate Change
This report reveals the disconnect between Canada’s promises on climate change and the actions of its official export credit agency, Export Development Canada (EDC), in propping up the oil and gas industry.
US Sees Steady Solar Growth (Despite Trump), But China Slashes Subsidies
Donald Trump can’t stop the sun from shining
Trump to Miss G7 “Working Together on Climate Change” Session
Even before the G7 meeting – or G6 plus one meeting in Canada – the signs are that it will be chaotic and deeply antagonistic, with spats over trade, tariffs and Russia, to say the least.
House Poised to Vote for Big Oil Subsidy in Budget Deal – Oil Change Int’l Response
“It’s cynical and reckless to provide relief for climate-related disasters with one hand, while essentially paying Big Oil to worsen the climate crisis with the other. Transferring billions of dollars from hard-working taxpayers to ultra-rich oil companies to extract more fossil fuels will not make our country safer or stronger.”
New study shows axing fossil fuel subsidies can deliver big climate benefits (but press release says the opposite)
A study published today, by a group led by the International Institute for Applied Systems Analysis (IIASA), indicates that eliminating fossil fuel subsidies could curb global greenhouse gas emissions by as much as 5% through 2030 while saving hundreds of billions of dollars in public money. Despite this seemingly good news, the framing of the study was strangely downbeat, casting these reductions as “only a small effect on CO2 emissions.” What we know from reading the actual findings of this study, as well as several other analyses of the climate impacts of fossil fuel subsidy removal, is that nixing oil, gas, and coal subsidies would be a big win for the climate, would saves money, and could free up resources to help the poorest and most vulnerable.
Letter from 30+ Groups: Congress Must Stop Subsidizing Enhanced Oil Recovery
Today, more than 30 environmental, health and social justice organizations urged Congressional leaders to exclude an extension of the tax credit for carbon dioxide enhanced oil recovery from any spending bill.
Statement: In State of the Union, Trump reaffirms commitment to Big Oil at expense of Americans
Calling this disaster of a plan simply an infrastructure plan doesn’t do the nightmare justice. It’s a Make Big Oil Happy plan. It’s a More Climate Disasters plan. It’s a Taxpayer Dollars in Oil Executives’ Wallets plan. It’s a Bankrupt Our Communities plan.
Response: Industry-friendly FERC rightly rejects Perry’s coal and nukes bailout
This was an easy decision for FERC. Secretary Perry’s proposal was nothing more than a massive bailout for the coal and nuclear industries, so it’s no surprise it was resoundingly rejected by even the industry-friendly commission.