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]
Today the board of the US Export-Import Bank (EXIM) approved $500 million to expand oil and gas production in Bahrain, despite Biden’s commitment to end international public finance for fossil fuels made in 2021.
A comprehensive report released today by Oil Change International exposes the failure of the five major North Sea oil and gas producing countries – Norway, UK, Denmark, the Netherlands, and Germany – in terms of aligning its oil and gas policies with the Paris Agreement, posing a grave threat to global efforts to combat the climate crisis.
While fires rage in Texas and we prepare for yet another hottest year on record, Biden's mention of the climate crisis in the State of the Union could have been missed in a blink.
Join us for a critical press conference addressing the failure of the five major North Sea oil and gas-producing countries – Norway, United Kingdom, the Netherlands, Germany, and Denmark – to fulfill their climate commitments. The press conference will unveil a comprehensive report and set of benchmarks rating North Sea countries' oil and gas production policies by their level of alignment with the Paris Agreement developed by Oil Change International.
“Since COP28 in Dubai, both producers and importers of fossil fuels have a responsibility to accelerate the transition away from them. While COP28 President Al Jaber is right to point out that fossil fuel demand needs to decline rapidly, this cannot be an excuse for the massive expansion of fossil fuels planned by his own company, ADNOC, and the five rich global north countries responsible for the majority of planned oil and gas expansion to 2050, led by the United States."
A new report finds that the EU's demand for gas is set to decline significantly in line with climate targets, eliminating the need to expand supply from new fields or infrastructure. In the report, On Thin Ice, the authors model how EU’s gas demand matches future supply in various forecasted scenarios.
U.S. single biggest violator of CETP pledge, approving the most fossil fuel projects of any signatory for a total of almost USD $2.3 billion.
“Today's commitment to make a finance roadmap to limit warming to 1.5°C and ensure a just energy transition is a welcome step, but in order to be useful, the IEA's new research must continue with strong recommendations to immediately halt finance flowing to fossil fuels, and start recommending dramatically increased public finance on fair terms for renewable energy and energy efficiency."
A group of senators have sent a letter to Federal Trade Commission urging the agency to investigate and crack down on misleading environmental claims by fossil fuel companies and gas certification programs. Over the past decade, the gas industry has engaged in a greenwashing campaign in which third-party “gas certifiers” evaluate methane emissions from natural gas production, often utilizing unreliable and inaccurate technologies and methodologies.
Not only does this announcement fly in the face of all the scientific evidence telling us we must go further and faster to secure a liveable planet, it also ignores polling evidence that voters want to see real action on green investment. The Labour Party must uphold their pledge to take serious action on climate change.
