Blog

Read the latest insights and analysis from the experts at Oil Change International.

Climate Sceptic’s Fossil Fuel Funding Exposed

For nearly two decades avid researcher, Kert Davies, has been hunting climate deniers and exposing their links to the fossil fuel industry.

Fracking: Now They Want You to Pay

Not content with polluting our air and water and causing immeasurable harm to both the environment and health, the fracking industry has now come up with a novel idea: the consumer should pay for the polluting process as well.

Banks Face “Dire Scenario” Over Fracking Finance

For years, the oil industry and its powerful friends in Congress talked of a shale gas utopia where fracking would lead to energy independence in for US.

New Coal Finance Report Reveals Substantial Role of State-owned Banks

New BankTrack report highlights that commercial banks are ignoring climate limits, financing a record US$88 billion for coal operations in 2013.

IEA Forecasts Over Half a Billion Africans Still Without Power in 2040

Despite increased global interest and investment in Africa, IEA's latest report finds that as many as 530 million people, mainly in rural areas, will still be left without access by 2040 without changes to energy investment.

Adding to Miscues, Missed Deadline Puts World Bank-supported Indonesian Coal Plant at Legal Risk

This week, the Central Java Coal Power Project added to its list of failures, as continued refusal by villagers to sell their land for the proposed coal plant has forced the Indonesian government to yet again extend the deadline for financial closure of the project. This provides yet another reason for the World Bank to intervene.

Japan Urged To Stop Financing Coal ahead of Obama-Abe Summit

Today, over 30 groups from around the world, including Oil Change International, sent an open letter to Japanese Prime Minister Shinzo Abe ahead of his meeting with U.S. President Barack Obama on April 24th urging Japan to follow the United States and other countries' pledges to stop financing coal overseas.

Momentum Grows to Stop Coal Finance, but Further Action is Critical

Two important actions were added to the growing list of recent global steps curbing public finance for coal. First, the European Bank for Reconstruction and Development (EBRD) joined the World Bank and European Investment Bank (EIB) in adopting a new Energy Strategy that significantly restricts support for coal power projects. As the second climate feat of the week, the U.S. government voted no on the Board of the Asian Development Bank (ADB) for a proposed coal power plant in Pakistan. However, even though the U.S. and several other countries voted no or abstained from supporting the Pakistan coal plant, the ADB board still had a simple majority, and therefore approved $900 million in funding for the 600 MW Jamshoro coal plant.