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
For the first time in three years of negotiations towards the new climate finance goal due at the end of COP29, we finally have a draft text that includes options for rich countries to pay the scale and quality of finance they owe, and for urgently needed support to flow towards a fair fossil fuel support.
More than 650 climate, environmental justice, public health, youth, and progressive organizations sent a letter opposing the fossil fuel 'side deal' being advanced by Senators Joe Manchin and Chuck Schumer.
"The Inflation Reduction Act has come at a tremendously high price that will be disproportionately paid by Black, Indigenous, family farming, people of the global majority, and working-class communities. We cannot afford additional giveaways to the fossil fuel industry in a deal that Democratic Leaders negotiated with Senator Manchin."
A new report released today by Oil Change International and Greenpeace USA finds that Cheniere’s new lifecycle emissions tags appear to be pinned to a misleading methane emissions analysis that woefully undercounts actual leakage volumes.
"Biden’s climate legacy hangs in the balance — we need bold leadership, not tinkering around the edges. Declaring a climate emergency would make it clear that Biden views the climate crisis as an existential threat and unlock key powers to tackle climate change head-on and hasten a just transition to clean, renewable energy," said Rees.
Credendo's new policy is meant to implement the Glasgow commitment to end international public finance for fossil fuels by the end of 2022, but it leaves loopholes for existing oil and gas fields and gas-fired power.
"We can't transition away from fossil fuels by locking in five more years of deadly extraction, and Biden can't claim to care about environmental justice while forcing oil and gas drilling on already burdened communities," said Collin Rees.
"This Supreme Court decision was illegitimate and wrong, but does almost nothing to constrain President Biden's toolbox to address the climate crisis," said Collin Rees.
G7 leaders watered down a commitment made in May by their energy ministers to end international public finance for fossil fuels by the end of this year, drawing a swift rebuke from climate and development campaigners.
Yesterday, the government of Norway and the European Commission released a joint statement on energy cooperation in which the EU officially supported “continued [oil and gas] exploration".
Today, the International Energy Agency (IEA) released a new special report on Africa. The 2022 Africa Energy Outlook suggests a potential to increase gas production on the continent to 2030 even in a “sustainable” scenario.
