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]
The German Government is set to break a major international climate commitment, releasing a draft policy today for Euler Hermes, the German export credit agency, which allows the agency’s huge international fossil fuel financing to continue.
It is alarming that Biden continues to break climate commitments to end international public finance for fossil fuels. He uses public money to prop up the dirty industry that fuels climate disaster and harms communities, while we suffer record breaking extreme heat.
Today, at the 7th Ministerial meeting on Climate Action (MOCA) in Brussels, Dr Sultan Al Jaber from the UAE outlined his vision for the outcomes of the COP28 climate conference to be held in Dubai in December.
A coalition of civil society groups from Canada, the USA, and Namibia, has today called on the Toronto Stock Exchange Venture Exchange TSXV to deny regulatory approval to a new share listing by ReconAfrica.
Italy’s export credit agency SACE has approved a $500 million guarantee in loans for the Talara oil refinery in Peru, once again breaking their commitment to end their international public finance for fossil fuels by the end of 2022.
Norway’s energy ministry approves over USD 18 billion to support 19 new oil and fossil gas field developments on the Norwegian Continental Shelf in the North Sea - Silje Ask Lundberg, Oil Change International North Sea campaign manager responds.
The resistance to the Mountain Valley Pipeline (MVP) remains strong. People will continue to fight until this unnecessary pipeline is dead and communities in Appalachia thrive with affordable renewable energy, good jobs, and a healthy climate.
Global leaders at the Paris Summit missed a critical opportunity to redirect trillions from fossil fuels, debt, and the ultra rich to address the climate crisis.
Instead of ending oil and gas finance, the OECD has enacted new public financial incentives for the fossil fuel industry, including for hydrogen and ammonia created from fossil gas, as part of its new "climate-friendly" incentives for Export Credit Agencies (ECAs).
Earlier this week a coalition of 150+ economists and policy experts including Yanis Varoufakis, Jason Hickel, Olúfémi O. Táíwò, Nader Habibi, and Isabelle Ferreras sent a letter to Global North leaders, calling on them to pay their fair share for a just energy transition with trillions in public reparations, and to allow democratic and people-centred reforms to the global financial system they have a disproportionate control over.
