Report: South Africa Continues to Bankroll Billions in Fossil Fuels
Poor transparency from DBSA, IDC, and ECIC means support for oil, gas, and coal likely higher than the ZAR 2.2 billion a year on record
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
Poor transparency from DBSA, IDC, and ECIC means support for oil, gas, and coal likely higher than the ZAR 2.2 billion a year on record
More than 250 climate and environmental organizations today released letter of solidarity with the Movement for Black Lives (M4BL) demands and week of action.
As the oil and gas sector experiences a chaotic decline during COVID-19, a new peer-reviewed study outlines how policymakers can plan for a more resilient future through an equitable phase-out of production.
Local residents and concerned advocates submitted over 38,000 comments in opposition to the project, highlighting the risk that SPOT project poses to waterways, endangered species, public health, local economies, and the global climate
Today, Japanese environmental NGOs submitted a petition for the cancellation of the Vung Ang 2 Coal-fired Power Generation Project in Vietnam to the Japanese public and private sectors signed by 127 organizations from more than 40 countries and regions.
Since the implementation of the Paris Agreement, G20 countries have provided at least USD 77 billion a year in finance for oil, gas, and coal projects.
"Equating a bailout for Big Oil with basic protections for nurses and healthcare workers in a pandemic is completely egregious," said Rees of Hoyer's comments.
Today, French oil major Total published a statement touting its ambition to “get to net zero by 2050”. In response, Oil Change International released the following statement.
Hundreds of environmental, social justice, labor, and progressive organizations applauded the release of the ReWIND Act, new legislation introduced today that would block a Big Oil Bailout and ensure relief money flows to people, not polluters.
"A managed decline of oil and gas production that supports affected communities and workers must be central in a just and green recovery from the COVID-19 crisis," said ver der Burg.