Read the latest insights and analysis from the experts at Oil Change International.
39 countries and institutions signed a joint commitment to end any support for fossil fuels flowing abroad by the end of 2022, and in its place prioritize finance for clean energy. Recently the G7 reaffirmed their commitment and were now also joined by Japan, the only G7 member who hadn’t signed on. Here's what that means.
President Biden has continued to approve fossil fuel expansion in recent months, while pointing to Congress to excuse the United States’ lack of climate ambition and espousing false solutions like carbon capture and “net zero” plans that perpetuate fossil fuel destruction and environmental racism.
Today Big Oil will appear before Congress to answer for their decades long climate denial campaign. It is the first time that collectively the bosses of Exxon, BP America, Chevron, and Shell have all testified together under oath.
La Banque Postale, which is a relatively small but progressive bank in France, has set an international precedent against oil and gas expansion. The bank, which was already committed to ensuring that its banking activities achieve net zero carbon emissions by 2040, announced a complete withdrawal from fossil fuels by the 2030. Will other banks now follow?
As churches, colleges and companies increasingly pull out from investing in oil and gas, under pressure from the climate movement, secretive hedge funds are betting on climate chaos, planning on making millions of dollars in the process.
With weeks left until the crucial COP26 climate Conference, which is going to be held in Scotland, the bare-faced climate hypocrisy of the hosts, the British Government, is all too obvious to see.
Central banks could play a critical role in catalyzing the rapid shift of financial flows away from oil, fossil gas, and coal, and toward the zero-carbon solutions required to confront the climate crisis. To date, however, this is still not happening.
“Kimiko’s courage and leadership in undertaking pathbreaking actions to influence Japan and address the climate crisis are an inspiration,” said Susanne Wong, senior campaigner with Oil Change International and facilitator of the No Coal Japan coalition.
When President Joe Biden signed his first set of Executive Orders on Climate Change and cancelled the Keystone XL pipeline project soon after his inauguration, he sent a very clear message to the global fossil fuel industry: it’s no longer going to be business-as-usual with fighting the existential threat that climate change poses to humanity.
Today, we've joined with civil society groups and peoples’ movements from around the world to launch an exciting new campaign: Fossil Free ADB. The goal of the campaign is to pressure the Asian Development Bank (ADB) to stop financing fossil fuels.
