Press Release: The Dangers of ‘Abatement’: The Dirty Truth About Carbon Capture
In the final hours of COP28, groups push to exclude the fossil fuel industry’s dangerous distractions from global climate change agreement.
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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 press@priceofoil.org
Report confirms governments’ fossil fuel expansion plans would blow 1.5°C limit
Today the UN published the 2023 Production Gap Report, confirming governments’ plans to produce more than double the amount of fossil fuels in 2030 than is compatible with limiting warming to 1.5°C, despite climate promises. By 2050, planned fossil fuel production is projected to be 350% above levels consistent with the 1.5°C limit.
EU, UK, and Canada move to phase out fossil fuel finance at OECD
US, South Korea, and Japan fail to follow suit The European Union, the United Kingdom, and Canada are ready to be climate leaders by proposing phasing out fossil fuel finance through Export Credit Agencies at the OECD. This move reflects a commitment to aligning public financing with climate goals and the urgent need to transition to clean energy.
Fossil fuel phase out top of the agenda at COP28 preliminary talks
As countries conclude preliminary talks in Abu Dhabi ahead of the UAE-hosted COP28 climate summit, an agreement to phase out fossil fuels has taken center stage as a key expected outcome.
Over 250 organizations back groundbreaking efforts by OECD countries to end $41 billion a year in fossil fuel finance
Over 250 organizations from 30 countries call on governments to support fellow OECD members' efforts to end oil and gas export finance at OECD meeting on 6 November 2023.
EU sets path to secure fossil fuel phase-out agreement at COP28
Yesterday night European Union (EU) environment ministers agreed on their negotiation position for COP28, the UN climate conference starting at the end of November in Dubai - and ambiguity on abatement technologies risks undermining negotiation success.
EXIM’s approval of Estonian oil project financing another blow to Biden’s climate promises
"The United States can help lead a shift of billions of dollars from last century’s dirty energy into the clean, renewable energy of the future, but EXIM's fossil fuel approvals like Liwathon are a huge step backward."