Read the latest insights and analysis from the experts at Oil Change International.
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.
In a landmark decision, the Federal Court of Australia ruled that Santos Ltd, one of the world’s top 20 largest oil and gas companies, would not be allowed to drill in the Barossa gas fields off the coast of northern Australia, solidifying legal victory for the Tiwi Islander Plaintiffs.
We are in the business end of the COP27 negotiations, as delegates haggle over the final declaration. As I write the news from Sharm el-Sheikh regarding the all important text is deeply concerning and comprehensively flawed.
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.”
