Banks Fossil Fuel Finance Totals $869 Billion in 2024, A Dramatic Increase in Financing
Annual Banking on Climate Chaos reports $429 billion of 2024 dollars are to fossil fuel expanding companies; totaling $1.6 trillion to these companies since 2021
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]
Annual Banking on Climate Chaos reports $429 billion of 2024 dollars are to fossil fuel expanding companies; totaling $1.6 trillion to these companies since 2021
If these four countries - United States, Canada, Norway, and Australia - which Oil Change International dubs “Planet Wreckers”, halted their planned new oil and gas extraction, 32 billion tonnes (Gt) of carbon pollution would be kept in the ground. This is equivalent to three times the annual emissions of all the world’s coal power plants combined.
On 11 June 2025, Oil Change International hosted a pivotal roundtable in Oslo, uniting Labour politicians, trade union leaders, and environmental organisations from Norway, the United Kingdom, and Denmark around forging a just energy transition across the North Sea region.
Civil society organisations gathering outside the EU Council headquarters in Brussels urged European energy ministers to break free from fossil gas completely, and not to simply replace Russian gas with other suppliers, including liquified gas (LNG) from the US.
CCS has been failing for half a century and its only significant success has been the billions pocketed by industry in public subsidies.
Defending migrants is an essential part of climate justice.
The campaign group Oil Change International (OCI) has written to the UK government calling for an immediate reversal of its decision to finance a controversial fossil fuel project in Mozambique mired in allegations of human rights violations.
Reactive to the news that Lee Jae-myung is projected to win the Korean Presidential election on a manifesto pledging climate action
Impractical, hugely expensive, and fiercely opposed by Alaskan civil society groups, Alaska LNG and similar projects have failed to get off the ground for 60 years.
A new report, from Analyse and Tall SA in collaboration with Oil Change Internationalshows that a significant share of the Norwegian population wants emission cuts to happen within Norway and that Labour Party voters are ready for a political shift in oil policy.