The Price of Oil Wheel
The price of oil per barrel doesn’t include all of oil’s hidden costs. Learn more about the true cost of oil by using the flash navigation tool.
Oil Change International publishes upwards of 20 reports and briefings every year focused on supporting the movement for a just phase-out of fossil fuels.
The price of oil per barrel doesn’t include all of oil’s hidden costs. Learn more about the true cost of oil by using the flash navigation tool.
In our second review of progress in meeting this phase out commitment we conclude that the G20 effort is currently failing.
Our latest report finds that global fossil fuel production and consumption subsidies are at least $775 billion annually and could be $1 trillion or even more. There is an urgent need for transparency in subsidy reporting.
In this graphic, you can see that according to Oil Change International analysis, governments around the world are spending perhaps more than $1 trillion USD combined per year subsidizing the fossil fuel industry.
This Congress is on track to be the dirtiest ever. In the current cycle (since January 2011) dirty energy companies have spent at least $43.5 million on influencing federal elections in America.
This report finds that Keystone XL would reduce gasoline supplies in America by diverting Canadian tar sands crude from the Midwest to the Gulf Coast, blowing apart the tar sands industry's claims that building the Keystone XL pipeline would lower gasoline prices in America.
This briefing finds that the transport of tar sands oil through pipelines in the United States is exempt from payments into the Oil Spill Liability Trust Fund, which creates a free ride worth over $375 million to tar sands oil producers between 2010 and 2017.
The Keystone XL pipeline has been presented as a boon to U.S. energy security by its proponents. It is no such thing.