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.
This 10th annual "Banking on Climate Change" fossil fuel finance report card reveals that overall bank financing continues to be aligned with climate disaster, and that financing for fossil fuels has increased every year since the Paris Agreement was signed.
At precisely the time in which the world must begin rapidly decarbonizing to avoid runaway climate disaster, the United States is moving further and faster than any other country to expand oil and gas extraction.
As EBRD and EIB prepare for their respective energy sector strategy reviews, 65 civil society groups from 28 countries released an open letter being sent to top EBRD and EIB officials demanding that they stop financing oil, gas, and coal projects.
The letter calls on Brown and the state "to become the first major fossil fuel producer to begin a managed and just transition off oil and gas production."
Over 230 civil society groups from 44 countries released an open letter being sent to Canadian Prime Minister Justin Trudeau, urging him to reject the pipeline and instead begin planning for a managed decline of fossil fuel production and a just transition for workers and impacted communities.
This ninth annual fossil fuel finance report card grades banks on their policy commitments regarding extreme fossil fuel financing and calculates their financing for these fuels from 2015 to 2017. The report also assesses the shortcomings of the Equator Principles for ensuring banks respect human rights, and Indigenous rights in particular.
This briefing outlines compelling reasons for investors to question whether TransCanada should proceed with Keystone XL given various obstacles facing its construction and commercially viable operation, and suggests questions institutional financiers may wish to ask TransCanada.
To have any hope of meeting globally-agreed climate goals, global financial flows must rapidly align with low-emission, climate-resilient development, and government-backed public finance institutions like the World Bank must signal this transition.
This analysis provides five clear reasons why fossil gas is not a "bridge fuel.” It shows that even with zero methane leakage, gas is not a climate change solution.
Germany is falling far short of true climate leadership – our new report details why it must end coal production swiftly with a just transition and stop funding fossil fuels aboard.
