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Media Advisory • COP29

Oil Change International Media Advisory – COP29 November 23

COP29 stretches over its last official day in Baku, while yesterday’s draft climate finance text falls dangerously short of what science and justice demand.

FOR IMMEDIATE RELEASE

November 23, 2024

Contact: 

Nicole Rodel, Oil Change International (in Baku) – [email protected] / +27842570627 

Valentina Stackl, Oil Change International (ET – remote) – [email protected] / +17342766260

Oil Change International Media Advisory – COP29 November 23

COP29 stretches over its last official day in Baku, while yesterday’s draft climate finance text falls dangerously short of what science and justice demand. See our full response to the latest version of the text released yesterday here.  

The latest draft text represents an alarming failure of leadership – effectively handing control of climate finance to the very polluters driving the crisis. The current proposal’s vague $1.3 trillion investment target and inadequate $250 billion goal in non-grant finance fall dramatically short of what justice and science demand. Even worse, previous provisions to end fossil fuel subsidies and make polluters pay have been stripped from the text, while dangerous loopholes remain. This approach allows rich nations to dodge their responsibilities by shifting the burden to the private sector and Global South countries, deepening the debt crisis for those most vulnerable to climate impacts. 

While the mitigation text of the UAE dialogue maintains some reference to transitioning away from fossil fuels, we need much more than restatements of past commitments. The path forward remains clear: wealthy nations can mobilize over $5 trillion annually by ending fossil fuel subsidies, taxing the super-rich, and changing unfair financial rules. As negotiations enter their final hours, rich countries must deliver real public climate finance of at least $1 trillion annually in grants to enable a fast, fair, and funded fossil fuel phaseout – anything less risks breaching the 1.5°C survival limit and abandoning vulnerable communities.

This media advisory outlines: 

Spokespeople and areas of focus

At COP29, reach out to us to connect with spokespeople to cover: 

  • Financing a just transition: NCQG, fossil fuel subsidies and finance, financial architecture reform, Clean Energy Transition Partnership, Global Clean Power Alliance, OECD, MDB and G20 finance announcements.
  • Fossil fuel phaseout: Troika fossil fuel expansion, Nationally Determined Contributions, diplomacy and negotiations, abatement, hypocrisy via oil and gas expansion, 1.5ºC scenarios
  • Industry and False Solutions: Industry pledges, Oil and Gas Decarbonization Charter, IEA / WEO, CCS, False Solutions Subsidies, Kick Polluters Out
  • United States: U.S. Election, U.S. fair share NDC, LNG, certified gas, U.S. subsidies, U.S. Congress
  • Africa: Resistance to oil and gas in Africa, oil and gas expansion in Africa

OCI has spokespeople available on the ground at COP29 for interviews and press panels, as well as representatives in alternative timezones for those journalists not in attendance in Baku. 

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