BREAKING: Equinor postpones Wisting Oil Field
Today in a huge win for climate, environment, and people, Equinor ASA announced that they are postponing the investment decision on the Wisting oil field in Norway.
Press Room
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]
Climate activists demand end to public finance for fossil fuels at COP27
A global coalition of civil society groups organized a demonstration at the COP27 climate negotiations in Egypt on “Finance Day” to demand wealthy governments - particularly Japan as the world's largest financier of fossil fuels - stop financing new fossil fuel projects and shift investments to renewable energy.
Election Response: Our movements won’t back down — Biden must step up to defend democracy, stop climate chaos
Declaring a climate emergency and stopping new fossil fuel projects should be at the top of Biden’s agenda — the future of the planet and U.S. democracy is at stake. The last thing Congress should do is pass Big Oil's dangerous 'permitting reform.'
“We’re not in an energy crisis, we’re in a fossil fuel crisis” — advocates discuss fossil fuels at onset of COP27
"Make no mistake — the fossil gas agenda is a neocolonial agenda and patriarchal one. Fossil gas will not provide ‘energy security’ in Africa or anywhere else." –Lorraine Chiponda
Germany Fails to Lead at E3F Summit and Threatens Decades of Fossil Fuel Lock-In
Rather than building momentum towards COP27 through delivering strong policies and a harmonized approach to implementing the collective promise to end international public finance for fossil fuels by the end of 2022, the Summit was overshadowed by backsliding.
The Netherlands breaks major climate promise to end public financing for international fossil fuel projects
A week before the international climate summit in Egypt, the Dutch Government breaks a major climate promise it made last year to end public financing for international fossil fuel projects.
New Report: International public finance for fossil fuels dropped in 2021, but a rebound is likely unless key governments deliver on pledges
A report released today by Oil Change International and Friends of the Earth U.S. reveals that between 2019 and 2021 the G20 countries and multilateral development banks (MDBs) provided at least USD 55 billion per year in international public finance for fossil fuels. This is a 35% drop compared to previous years (2016-2018), but still almost twice the support provided for clean energy, which averaged only $29 billion per year.
IEA confirms energy crisis is fossil fuel crisis and forecasts peak in gas
The International Energy Agency (IEA) released its 2022 World Energy Outlook (WEO), underscoring that accelerating investment in clean energy and efficiency, not new fossil fuels, is the answer to both climate and energy security crises. In a marked shift for the IEA, WEO 2022 essentially declares an end to the ‘golden age of gas,' as a result of the current energy crisis cementing an economic case against gas expansion, on top of the clear climate case.
Finland joins growing list of countries restricting international oil and gas finance, leaving Norway the only Nordic country not to do so
Finland joins growing list of countries restricting international oil & gas finance, putting pressure on Norway to follow suit