Oil Change International | Data Driven, People Powered.

As people lose their lives in Trump and Netanyahu’s illegal war on Iran, Big Oil is cashing in. During the first month of the US-Israeli war on Iran, the world’s top 100 oil and gas producers banked an estimated more than $30 million every hour in excess profit. Accelerating an equitable transition towards renewable energy is essential to a more stable and peaceful future.

Less than two weeks into the assault on Iran, Trump stated on social media that “the United States is the largest oil producer in the world, by far, so when oil prices go up, we make a lot of money.” Nothing says “America First” better than decimating the global economy while boasting about turning a profit. 

The Iran crisis is now exposing that vulnerability in real time, as LNG prices across Asia have nearly doubled within weeks. But this isn’t just Japan’s problem. Through years of state-backed financing, Japan has exported the same risky energy model across Southeast Asia

“Kick Polluters Out” Global Week of Action: coordinated actions across Africa, Europe, and Latin America by groups facing impacts from polluting companies to demand accountability, fix past harm, and cease operations.

For the first time, a community harmed by a Japanese-funded LNG project has filed a series of coordinated complaints against the whole chain of project financiers.

Freeport, Texas community leaders have traveled to Tokyo to hand-deliver complaints today against the Japanese financial institutions that funded the construction of a dangerous LNG project near their homes.

The report draws on evidence from 13 producing countries in Africa and finds that decades of extraction have failed to reduce poverty or drive economic growth, and instead are lining the pockets of an elite few.

A new report, Spillover Effects: The Fossil Fuel-Debt Trap in the Global South, demonstrates that the linkage between fossil fuel dependence and sovereign debt is systemic, not incidental. Released by the Fossil Fuel Treaty Initiative, MENA Fem Movement, and Oil Change International, the report includes case studies of how this trend is playing out in five countries, authored by researchers based in those nations.

Data compiled by Oil Change International (OCI) shows the EU, its member states, and Norway have committed nearly €17.3 billion in public money since 2001 to CCS projects and fossil- based hydrogen projects that plan to utilize CCS.