Oil Change International is a research, communication, and advocacy organization focused on exposing the true costs of fossil fuels and facilitating a just transition to clean energy. For media inquiries, please contact: Valentina Stackl at [email protected]
Japan is the world’s largest provider of international public finance for fossil fuels, providing USD 4.1 billion annually for overseas gas, oil, and coal projects between 2023 and 2025 - more than any other G20 country.
New analysis released during World Bank and IMF Annual Meetings finds billions still flow to fossil fuels, while low-income countries receive just 2% of clean energy finance
Any use of diplomatic power to threaten elected governments or secure private gas deals would be an outrageous abuse of public office and must be investigated.
Japan's POWERR Asia’s stockpiling agreements would keep the region buying oil for the benefit of Japanese corporate profits
“Their leadership stands in stark contrast to major Global North fossil fuel producers who fight wars over oil and gas and plan to flood the world with more fossil fuels at a time of already catastrophic climate impacts, while failing to deliver climate finance at a level that meets needs."
Changing international financial rules as well as integrating regional and domestic reforms could unlock $367 billion in public finance annually.
Japan is backing U.S. gas expansion that could leave households and businesses across Asia paying more for energy over the next decade.
For European customers, LNG from the United States is already the most expensive, and new research shows it is projected to become even more expensive.
This backdoor "dirty deal" will worsen the climate crisis and put families at even greater risk of losing their homes and loved ones to extreme weather.
The people of Nepal just faced a deadly glacial flood caused by a fossil fueled climate crisis they did not create. Wealthy, high-emitting countries must urgently fill the Loss and Damage Fund, provide grant-based climate finance at the scale needed, and end the fossil fuel expansion driving this destruction.
