Press Room

While twice as much clean energy investment as fossil fuels investment expected for 2024 is encouraging, it's still like filling a leaky bucket.

Today, UN Secretary General António Guterres acknowledged one simple truth: The fossil fuel industry is the prime culprit behind the escalating climate crisis. Despite the urgent need to cut emissions, the industry continues to rake in huge profits while our planet burns.

With deadly heat waves, and other disasters escalated by the climate crisis, President Biden’s decision to shut down the southern border to people seeking refuge is cruel, unnecessary, and not a solution to displacement.

Data published today by Oil Change International shows G7 countries are continuing to overwhelmingly prop up fossil fuels at home and abroad, despite agreeing to phase them out at COP28. G7 countries are massively expanding fossil fuel production at home and investing billions in more fossil fuel infrastructure abroad. 

The Japan Energy Summit is coming up on June 3 - 5 in Tokyo. Organized by Japan’s Ministry of Economy, Trade and Industry (METI), leaders from Exxon, Tokyo Gas, JERA, BP and more will be talking about a transition to clean energy while undermining these efforts by increasing investments in the LNG and gas sectors. 

Sen. Bernie Sanders and Rep. Ilhan Omar reintroduced the End Polluter Welfare Act, the most comprehensive legislation to address the billions in special interest subsidies that disproportionately flow to the oil, gas, and coal industries.

Oil Change International released our Big Oil Reality Check report in collaboration with over 200 organizations worldwide. The report assesses the climate pledges and plans of eight international oil and gas companies – Chevron, ExxonMobil, Shell, TotalEnergies, BP, Eni, Equinor, and ConocoPhillips – against 10 criteria representing the bare minimum for aligning with the Paris Agreement to limit global heating below 1.5°C. 

The United States is the world’s top methane emitter from oil and gas. Despite the U.S. fossil fuel industry’s repeated claims to have the “cleanest gas in the world”, a new Oil Change International (OCI) analysis of the International Energy Agency’s (IEA) 2024 global methane emissions data reveals the truth for the first time: U.S. methane intensity lags behind 18 other countries. 

Oil Change International, in collaboration with over 200 organizations worldwide, is releasing the Big Oil Reality Check report with a virtual press conference on May 21, 2024. The report assesses the climate pledges and plans of eight international oil and gas companies – Chevron, ExxonMobil, Shell, TotalEnergies, BP, Eni, Equinor, and ConocoPhillips – against 10 criteria representing the bare minimum for aligning with the Paris Agreement to limit global heating below 1.5°C.

Banks financed fossil fuels by $6.9 trillion dollars since the Paris Agreement; $705 billion provided in 2023 alone; JP Morgan Chase, Mizuho, and Bank of America are worst 3 funders