Banking on Climate Chaos 2023: Fossil Fuel Finance Report

April 13, 2023By OCI TeamFeatured, News, Reports

This report, Banking on Climate Chaos 2023, analyzes fossil fuel financing and policies from the world’s 60 largest commercial and investment banks. We reveal that fossil fuel financing from the world’s 60 largest banks has reached nearly USD $5.5 trillion in the seven years since the adoption of the Paris Agreement, with $673 billion in 2022 alone.

Canada’s Big Oil Reality Check: Major oil and gas producers undercut Canada’s commitment to 1.5ºC

November 3, 2021By OCI TeamEnergy Transitions & Futures, Featured, Reports

The assessment by Environmental Defence Canada and Oil Change International assesses eight of Canada’s top oil and gas producers, including Imperial (ExxonMobil) and Shell. It finds they are all on track to increase their oil and gas production in Canada, rather than planning a fair transition away from fossil fuels that are fuelling the climate crisis.

New Report Reveals Global Banks Funneled $3.8 Trillion into Fossil Fuels Since Paris Agreement

March 24, 2021By OCI TeamBlog Post, Featured, Press Releases

A new report released today by Oil Change International, Rainforest Action Network, BankTrack, Indigenous Environmental Network, Reclaim Finance, and Sierra Club, and endorsed by over 300 organizations around the world, reveals that 60 global banks have provided USD $3.8 trillion to fossil fuel companies in the five years since the adoption of the Paris Agreement (2016-2020).