In Africa, Oil Change is supporting movement partners in challenging key proposed fossil fuel projects and calling on African governments and institutions to stop fossil fuel expansion and support energy access and a just transition.
Together with local partners, we’re working to shift energy financing away from fossil fuels and increase financing for distributed renewable energy to support the goal of providing universal access to all; increase public financing for distributed renewable energy that also ensures a higher degree of local ownership of solutions; expose the scale and source of financing for fossil fuel projects on the continent; support frontline groups in their efforts to resist harmful fossil fuel projects; and support and facilitate convenings for movement partners to support information, capacity sharing, and strategy development.
The fossil fuel industry plans to sink $230 billion into the development of new extraction projects in Africa in the next decade — and $1.4 trillion by 2050. These projects are not compatible with a safe climate future and are at risk of becoming stranded assets that leave behind unfunded clean-up, shortfalls of government revenue, and overnight job losses. OCI is working with partners to call on African governments and institutions to enact a gradual, equitable, and managed phase-out of fossil fuel production in Africa alongside a just transition to renewable energy and green economies.