Read the latest insights and analysis from the experts at Oil Change International.
In the second episode of Burned: The Price of Oil, host Shady Khalil speaks with Shereen Talaat, Founder and Director of MENA Fem Movement to explore the global financial system’s deep colonial roots - and how private-finance-first approaches to the energy transition trap Global South countries in more debt and fossil fuel dependence.
COP28’s historic agreement sent a long overdue signal on the end of the fossil fuel era, but glaring loopholes in the agreement could be exploited as Japan hosts the ASEAN summit and Asia Zero Emissions Community Summit.
As communities face rising debts and rising seas, pressure from people-powered movements has put global financial architecture reform on the multilateral agenda for the first time in decades. This is desperately needed, as our current international monetary, trade, tax, and debt rules are limiting how much funding is available for climate action.
The turnout wildly exceeded expectations, proof that this summer's record heat, mega floods, and severe weather are putting the climate crisis, and the fight against fossil fuels, at the forefront of peoples' minds. The turnout was global.
Timing, they say, is everything. Earlier this week, it was revealed that UK Government is drawing up plans to scrap its flagship EUR 11.6 billion climate pledge. At the same time, firstly last Monday, then last Tuesday and now the whole week has been recorded as the hottest on record. The UN now says "climate change is out of control."
Hundreds of civil society organisations from dozens of countries have taken to the streets around the world to demand that the G7 stop peddling fossil fuels to developing countries and stop promoting false solutions to the climate crisis.
Ahead of the 2023 World Bank Spring meetings, we have compiled the major MDBs' 2022 energy finance data for the first time.
At COP27, with just a month to go until the deadline, attendees called on countries to keep their Glasgow Statement pledge to stop public finance for fossil fuels.
At a series of events today at the COP27 climate talks, speaker after speaker warned against the Dash for Gas in Africa. One speaker, Mohamed Adow, from PowerShiftAfrica, said: “Africa sits at a crossroads & there is a fight to decide its energy & development future playing out at #COP27. A cabal of fossil fuel companies supported by foreign nations are trying to push Africa into a fossil fuel led development future. We say to them Don’t Gas Africa.”
